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?

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A: This is a basic question testing the application of compound interest. We just have to plug-in the…

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A: Suppose you want to have $500,000 for retirement in 30 years.  Future ValueFV= $500000Time t=30…

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A: Thanks for the question :)And your upvote will be really appreciable ;)

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A: A=P1+rnntFor quarterly, n=4

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A: topic - interest