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 daughter's 17th birthday?* 144,832.94 154,834.15 144,833.10 144,823.18 134,733.62 NONE OF THESE

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Answer this with full solution manually with formula and given and pls. don't use excel.

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 daughter's 17th birthday?*
144,832.94
154,834.15
144,833.10
144,823.18
134,733.62
NONE OF THESE
Transcribed Image Text: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 daughter's 17th birthday?* 144,832.94 154,834.15 144,833.10 144,823.18 134,733.62 NONE OF THESE
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