Mon invested Php125, 000.00 in a savings account that pays 7% interest compunded quarterly. If he decides to withdraw his money once it accumulates to Php250, 000.00, after how many years will that be?
Mon invested Php125, 000.00 in a savings account that pays 7% interest compunded quarterly. If he decides to withdraw his money once it accumulates to Php250, 000.00, after how many years will that be?
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Transcribed Image Text:6. Mon invested Php125, 000.00 in a savings account that pays 7 % interest
5
compunded quarterly. If he decides to withdraw his money once it accumulates
to Php250, 000.00, after how many years will that be?
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