Jamie saves P4000 every three months in a bank that pays 0.85 compounded monthly. How much will be her savings after 12 years?

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
Problem 6R
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Jamie saves P4000 every three months in a bank that pays 0.85 compounded monthly. How much will be her savings after 12 years?

 

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