Maria wants to have ₱750,000.00 at the end of 4 years for her graduation expenses. She plans to deposit a certain amount at the end of each month to achieve this. Her bank pays 15% compounded monthly....

Maria wants to have ₱750,000.00 at the end of 4 years for her
graduation expenses. She plans to deposit a certain amount at the end of each month to achieve this. Her bank pays 15% compounded monthly.


a.) What is the monthly rate?
b.) How many total deposits?