Question 116 pA person places Php 75,000 in a savings account which pays 12 percent interest per annum,compounded continuously. Find the amount (in Php) in the account after four years, presuming nowithdrawals and no additional deposits.Note: Input numerical values only, do not the units, space or comma.NextDIIF9F8F780F 6F5F4F3

The correct answer is 121205 . The explanation is given below: When it is expressed in a scenario…

Answered: A person places Php 75,000 in a savings…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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A person places Php 75,000 in a savings account which pays 12 percent interest per an compounded continuously. Find the amount (in Php) in the account after four years, presuming no withdrawals and no additional deposits.