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Teacher Raye is saving Php2,000 every month by depositing it in a bank that promises to pay an interest of 1% compounded quarterly What is
Teacher Raye is saving Php2,000 every month by depositing it in a bank that promises to pay an interest of 1% compounded quarterly What is the equivalent interest rate per payment interval? * point i = (401); - 1 i = (401) - 1 . O i = (1.0025) - 1 i = (1,0025), - 1 How much will she save in 5 years? 2 points O Php126,995.56 Php124,995.56 Php122,995.56 Php130,995.56
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