1. Almarie deposits P10,000 in an account each year for ten years. Initially, the account pays 10% compounded annually. After her sixth deposit, the account began paying 9%. Three years after her last deposit, she withdraws all the money from the said account. How much did she receive?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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1. Almarie deposits P10,000 in an account each year for ten years. Initially, the account
pays 10% compounded annually. After her sixth deposit, the account began paying 9%.
Three years after her last deposit, she withdraws all the money from the said account.
How much did she receive?
Transcribed Image Text:1. Almarie deposits P10,000 in an account each year for ten years. Initially, the account pays 10% compounded annually. After her sixth deposit, the account began paying 9%. Three years after her last deposit, she withdraws all the money from the said account. How much did she receive?
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