Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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A man inherited a regular endowment of ₱ 100,000 every end of 3 months for n years. However, he may choose to get a lump sum of ₱ 3,702,939.8 at the end of 4 years. If the rate was 14% compounded quarterly, what is the value of n?
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