How much will P54,200 be in 24 months at 4% compounded monthly?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Question 40
3
How much will P54,200 be in 24 months at 4-% compounded monthly?
A) P49,297.16
B) P388,579.66
(C) P31,002,650.00
(D) P59,590.33
Transcribed Image Text:Question 40 3 How much will P54,200 be in 24 months at 4-% compounded monthly? A) P49,297.16 B) P388,579.66 (C) P31,002,650.00 (D) P59,590.33
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