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The answer given is P14, 507.02 (Show the solution) In order to save for her high school graduation, Marie decided to save P200 at the
The answer given is P14, 507.02 (Show the solution)
In order to save for her high school graduation, Marie decided to save P200 at the end of each month. If the bank pays 0.250% compounded monthly, how much will her money be at the end of 6 years? Given: R= 200 m = 12 i(12) = 0.250% = 0.0025 0.0025 j = 0.000208 12 t=6 years n=tm = (6)(12)= 72 periods Find: F Write your solution here!
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
