Your dad: month starting in 11-15. How muc 16-20. How muc

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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Your dad started to join your barangay's cooperative and agreed to contribute P2 000 per
month starting in January 2017, which will earn 4% compounded monthly.
11-15. How much will be the future value of your dad's contribution after March 2017 (3 months)?
16-20. How much will be your dad's money grow in 4 years?
Transcribed Image Text:Your dad started to join your barangay's cooperative and agreed to contribute P2 000 per month starting in January 2017, which will earn 4% compounded monthly. 11-15. How much will be the future value of your dad's contribution after March 2017 (3 months)? 16-20. How much will be your dad's money grow in 4 years?
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