An individual makes 6 annual deposits of P2,000 in a savings account that pays interest rate of 4% compounded annually. Two years after making the last deposit, the interest rate changes to 7%...

An individual makes 6 annual deposits of P2,000 in a savings account that pays interest rate of<br>4% compounded annually. Two years after making the last deposit, the interest rate changes<br>to 7% compounded annually. Ten years after the last deposit, the accumulated money is<br>withdrawn from the account. How much is withdrawn?<br>

Extracted text: An individual makes 6 annual deposits of P2,000 in a savings account that pays interest rate of 4% compounded annually. Two years after making the last deposit, the interest rate changes to 7% compounded annually. Ten years after the last deposit, the accumulated money is withdrawn from the account. How much is withdrawn?

Jun 04, 2022

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An individual makes 6 annual deposits of P2,000 in a savings account that pays interest rate of 4% compounded annually. Two years after making the last deposit, the interest rate changes to 7%...

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