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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