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?
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?
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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc9a6fbd2-e02d-4c83-9939-3c9434830d3a%2Ffb47b5a2-3ac2-4019-abc3-33ac845b9e72%2Fippyne9_processed.png&w=3840&q=75)
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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