Aika wishes to set aside a total of P60,000 as savings for the year 2022. She p at a bank that offers 3% annual interest rate, compounded monthly. She is c hese deposits during the year. For options A and B given below, determine t he withdrawable balance by January 1, 2023. A. P30,000 deposits on June 1 and September 1, 2022 3. P20,000 deposits on June 1, August 1, and October 1, 2022
Aika wishes to set aside a total of P60,000 as savings for the year 2022. She p at a bank that offers 3% annual interest rate, compounded monthly. She is c hese deposits during the year. For options A and B given below, determine t he withdrawable balance by January 1, 2023. A. P30,000 deposits on June 1 and September 1, 2022 3. P20,000 deposits on June 1, August 1, and October 1, 2022
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 15E
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