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  • N 12 I 3% FV P99,000 FV P99,000 (14.192)

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    zeref dragneel
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    31

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    2 views1 page

    N 12 I 3% FV P99,000 FV P99,000 (14.192)

    Uploaded by

    zeref dragneel

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    3.Packee wants to save money for Mackee who will graduate 3 years from now.

    Packee intends
    to deposit P99,000 for 3 years. The bank interest rate is 12% p.a. compounded quarterly. How
    much is the amount of money Mackee will have when he graduates?

    N = 12

    I = 3%

    FV = P99,000

    FV = P99,000 (14.192)

    FV = P1,405,008.00

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