How much money would you need to deposit today at 6% annual interest compounded monthly to have 150,000Php in the account after 5 years? A 110,502.38Php B 150,729.67Php 115,940.63Php D 111,205.83Php

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Q15
How much money would you need to deposit today at 6% annual interest compounded monthly
to have 150,000Php in the account after 5 years?
A
110,502.38Php
B
150,729.67Php
115,940.63Php
D
111,205.83Php
Transcribed Image Text:How much money would you need to deposit today at 6% annual interest compounded monthly to have 150,000Php in the account after 5 years? A 110,502.38Php B 150,729.67Php 115,940.63Php D 111,205.83Php
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