Five hundred pesos (Php 500) is deposited monthly to an account earning 7% compounded monthly. a). What is the amount of the deposit after five years? b). If the monthly deposit after two years is increased to Php 1,000 (coinciding with the Php 500 monthly deposit), what is the amount of the deposit after five years? c). Repeat part b of this question if the interest rate is 18% compounded monthly. answer it with solution

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