Question
Mrs Cruz creates an educational plan for her newly born daughter by depositing P1,000 every end of the month in a fund that pays a
Mrs Cruz creates an educational plan for her newly born daughter by depositing P1,000 every end of the month in a fund that pays a rate of 9% compounded monthly. How much lump sum could he withdraw from the fund when she enters college at the age of 17?
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
