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Mr. and Mrs. Mariano are planning to have their own home but have limited budget. They went to a bank for some advice as to

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Mr. and Mrs. Mariano are planning to have their own home but have limited budget. They went to a bank for some advice as to how they can produce enough amount for the down payment on a house and lot they have chosen. This is the advice of the bank: If you will invest P20 000 at the beginning of each year for 5 years in an account that pays interest at 10% compounded annually, you will have the amount for the down payment of the house and lot at the end of 5 years Which house did the couple choose

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