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Tess wanted to have P100,000 on her bank account at theend of 8 years. She plans to deposit an amount at the beginning of eachmonth

Tess wanted to have P100,000 on her bank account at theend of 8 years. She plans to deposit an amount at the beginning of eachmonth at an interest rate of 3.5% compounded quarterly.

a. What is her monthly deposits?

b. What is the present worth of these deposits?

A) A = 901.89521

B) P = 75670.48

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