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Carrie invested P25,000 (P) of her money. She expect her money to compound quarterly (m=4) at a rate j of 15%. How much is the future value of her investment after 5 years (t)? OP51,904.89 OP52,203.80 O P25,000.00

Carrie invested P25,000 (P) of her money. She expect her money to compound quarterly (m=4) at a rate j of 15%. How much is the future value of her investment after 5 years (t)? OP51,904.89 OP52,203.80 O P25,000.00

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Carrie invested P25,000 (P) of her money. She expects her money to compound quarterly (m=4) at a rate j of 15%. How much is the future value of her investment after 5 years (t)? O P51,904.89 O P52,203.80 O P25,000.00
Transcribed Image Text:Carrie invested P25,000 (P) of her money. She expects her money to compound quarterly (m=4) at a rate j of 15%. How much is the future value of her investment after 5 years (t)? O P51,904.89 O P52,203.80 O P25,000.00
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