_16. Php 1500 is placed in a bank account that earns 1.8% interest, compounded quarterly (every three months, 4 times/year). Calculate the value of that initial investment after 10 years, if no money is added to or withdrawn from the account. A. Php 1,500.10 B. Php 1,510.10 C. Php 1,795.10 D. Php 1,710.10

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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_16. Php 1500 is placed in a bank account that earns 1.8% interest, compounded
quarterly (every three months, 4 times/year). Calculate the value of that initial
investment after 10 years, if no money is added to or withdrawn from the account.
A. Php 1,500.10
B. Php 1,510.10
C. Php 1,795.10
D. Php 1,710.10
Transcribed Image Text:_16. Php 1500 is placed in a bank account that earns 1.8% interest, compounded quarterly (every three months, 4 times/year). Calculate the value of that initial investment after 10 years, if no money is added to or withdrawn from the account. A. Php 1,500.10 B. Php 1,510.10 C. Php 1,795.10 D. Php 1,710.10
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