3. Ranie makes monthly deposits at Php1,500.00 into his savings account that earns interest at 1.5% compounded monthly. How much will be the value of his savings in 10 years? Assume that the deposits are made at the end of the month.

Calculus: Early Transcendentals
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Author:James Stewart
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Chapter1: Functions And Models
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3. Ranie makes monthly deposits at Php1,500.00 into his savings account that earns interest
at 1.5% compounded monthly. How much will be the value of his savings in 10 years?
Assume that the deposits are made at the end of the month.
Transcribed Image Text:3. Ranie makes monthly deposits at Php1,500.00 into his savings account that earns interest at 1.5% compounded monthly. How much will be the value of his savings in 10 years? Assume that the deposits are made at the end of the month.
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