Question 9 In order to save for her high school graduation, Luisa decided to save PhP500 at the end of each month. If the bank pays 0.5% compounded quarterly, how much will be in her account after 6 years? Note: Round-off the equivalent rate to 6 decimal places. A) PhP36,536.85 B PhP36,563.85 с PhP36,356.85 D) PhP36,635.85

Question 9 In order to save for her high school graduation, Luisa decided to save PhP500 at the end of each month. If the bank pays 0.5% compounded quarterly, how much will be in her account after 6 years? Note: Round-off the equivalent rate to 6 decimal places. A) PhP36,536.85 B PhP36,563.85 с PhP36,356.85 D) PhP36,635.85

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money

Section: Chapter Questions

Problem 9.18E

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