Question
PIOLO deposited P1000 in a savings account that pays 8% interest, compounded quarterly, planning to use it to finish his last year in college. Eighteen
PIOLO deposited P1000 in a savings account that pays 8% interest, compounded quarterly, planning to use it to finish his last year in college. Eighteen months later, PIOLO decides to Sagada Province to become a tour guide rather than continue in school, so PIOLO closed out his account
Requirements: Compute the items below and make sure to input your answer in this format Pxxxx (no decimal places and no comma), for example your answer is P3,020, you should input it as P3020
1. How much money will PIOLO receive after closing his account?
2. How much money will PIOLO have if the interest is at 10%?
3. Supposed she wanted to have P1,500 in his savings after 18 months, how much must PIOLO deposit?
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