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On the 7th birthday of Dane's daughter, he deposited an amount in a bank peso fund that pays 1% interest compounded annualy. How much should he deposit if he wants to have 100,000 php on his daughter's 18th birthday? A 89,632.37 php B 89,143.153 php © 99,009.90 php D 83,601.73 php

On the 7th birthday of Dane's daughter, he deposited an amount in a bank peso fund that pays 1% interest compounded annualy. How much should he deposit if he wants to have 100,000 php on his daughter's 18th birthday? A 89,632.37 php B 89,143.153 php © 99,009.90 php D 83,601.73 php

Elementary Algebra
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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On the 7th birthday of Dane's daughter, he deposited an amount in a bank peso fund that pays 1% interest compounded annually. How much should he deposit if he wants to have 100,000 php on his daughter's 18th birthday? A 89,632.37 php 89,143.153 php © 99,009.90 php D 83,601.73 php
Transcribed Image Text:On the 7th birthday of Dane's daughter, he deposited an amount in a bank peso fund that pays 1% interest compounded annually. How much should he deposit if he wants to have 100,000 php on his daughter's 18th birthday? A 89,632.37 php 89,143.153 php © 99,009.90 php D 83,601.73 php
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