9. Every six months for 5 years, a father places Php8,200 in a trust fund for his only child's education. If the money earns at 12% compounded semi-annually, how much will be in his account after the last placement?

9. Every six months for 5 years, a father places Php8,200 in a trust fund for his only child's education. If the money earns at 12% compounded semi-annually, how much will be in his account after the last placement?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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9. Every six months for 5 years, a father places Php8,200 in a trust fund for his only child's
education. If the money earns at 12% compounded semi-annually, how much will be in his
account after the last placement?
D

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