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A father deposits 16,000 php in a trust fund for his son's education every six months for 7 years. If money earns 12% compounded semi-annually,
A father deposits 16,000 php in a trust fund for his son's education every six months for 7 years. If money earns 12% compounded semi-annually, how much will the fund be after a) the 9th deposit? and b) after the last deposit?
A 183,861.06 php: 336,241.05 php
B 134,301.40 php: 236.410.30 php
C 183,861.06 php: 444,490.44 php
D 134,301.40 php: 183,861.06 php
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