Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

20. The Scout Regiment decided to invest the money they eamed from their survey outside the walls. After 6 months from today, they want to

image text in transcribed
20. The Scout Regiment decided to invest the money they eamed from their survey outside the walls. After 6 months from today, they want to withdraw from this fund Php 8,500 quarterly for 1 year to fund their survey outside the walls. How much is the total deposit now if the interest rate is 5% converted quarterly? A. Php 43,075.34 C. Php 32,556.54 B. Php 36,735.41 D. Php 23,655.54 23 23

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Algebra And Trigonometry A Unit Circle Approach,

Authors: Mark Dugopolski

6th Edition

0321867564, 9780321867568

More Books

Students also viewed these Mathematics questions

Question

5. It is the needs of the individual that are important.

Answered: 1 week ago

Question

3. It is the commitment you show that is the deciding factor.

Answered: 1 week ago