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To have his own pad, James decided to deposit Php20,000 at the end of each month in a bank paying 7% compounded monthly. How much would he expect to have in three years?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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To have his own pad, James decided to deposit Php20,000 at the end of each month in a bank paying 7% compounded monthly. How much would he expect to have in three years?

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