You started a job and got paid at the end of the month and decided to put P1000.00 from each paycheck into a special account. Suppose that account is earning annual interest rate of 3% compounded monthly, how much will be in the account at the end of a year? 1. Find the nth term of your earnings. 2. How much will the P1000.00 deposited at the end of 10th month and its interest be worth at the end of the year? 3. What do you notice about the sequence? 4. Describe how to calculate the amount of the money you will have at the end of 12 months.

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