at follow. 1. A group of college students decided to invest the money they earned from the fund- raising project. After 6 months from today, they want to withdraw from this fund P10,000.00 quarterly for 1 year to fund for community service. How much is the present total deposit if the interest rate is 4% converted quarterly?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Problem 2: Solve the following problems completely.
Read and understand the situation below, then answer the question or perform the tasks
that follow.
1. A group of college students decided to invest the money they earned from the fund-
raising project. After 6 months from today, they want to withdraw from this fund
P10,000.00 quarterly for 1 year to fund for community service. How much is the
present total deposit if the interest rate is 4% converted quarterly?
Transcribed Image Text:Problem 2: Solve the following problems completely. Read and understand the situation below, then answer the question or perform the tasks that follow. 1. A group of college students decided to invest the money they earned from the fund- raising project. After 6 months from today, they want to withdraw from this fund P10,000.00 quarterly for 1 year to fund for community service. How much is the present total deposit if the interest rate is 4% converted quarterly?
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