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Jen has Php100,000 in the bank. She intends to increase her savings to Php500,000. If she can deposit Php8,000 at the end of every month
Jen has Php100,000 in the bank. She intends to increase her savings to Php500,000. If she can deposit Php8,000 at the end of every month and the bank pays 3% compounded monthly, when will she be able to save the said amount? How many years?
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