Marlon Dela Cuesta spends P850 per month in cigarettes. If he stops smoking and invest the same amount in a paying 15% compounded monthly. How much will he have after 4 years?
Marlon Dela Cuesta spends P850 per month in cigarettes. If he stops smoking and invest the same amount in a paying 15% compounded monthly. How much will he have after 4 years?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Marlon Dela Cuesta spends P850 per month in cigarettes. If he stops smoking and invest the same amount in a paying 15% compounded monthly. How much will he have after 4 years?
On a girl's 10th birthday, her father started to deposit P5,000 quarterly at the end of each term in a fund that pays 1% compounded monthly. How much will be in the fund on his daughters17th birthday?
An interest-bearing note for P75,000 requires payment at the end of each quarter for four years. If the interest rate on the note is 15% compounded monthly, what is the size of each payment?
Find the future value of the annuity of P5,850 payable at the end of each quarter for 8 years if the rate of interest is 18% compounded monthly.
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