Question
It is now January 1, 2020. Deseree Tejero plans to make 5 deposits of P200 each, one every 6 months, with the first payment being
It is now January 1, 2020. Deseree Tejero plans to make 5 deposits of P200 each, one every 6 months, with the first payment being made today. If the bank pays a nominal interest rate of 8%, how much will be in Ms. Tejero's account after 10 years?
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Microeconomics: An Intuitive Approach With Calculus
Authors: Thomas Nechyba
2nd Edition
1305650468, 978-1305650466
