Q4. Thomas deposited 300,000Php now, so that his 3 year old daughter will receive 6 equal amounts of money yearly, starting on her 18th birthday. If money earns 20% compounded annually. How much the...


Q4. Thomas deposited 300,000Php now, so that his 3 year old daughter will receive 6 equal amounts of<br>money yearly, starting on her 18th birthday. If money earns 20% compounded annually. How much the<br>girl received yearly?<br>Answer: A = P1,158,244.98<br>

Extracted text: Q4. Thomas deposited 300,000Php now, so that his 3 year old daughter will receive 6 equal amounts of money yearly, starting on her 18th birthday. If money earns 20% compounded annually. How much the girl received yearly? Answer: A = P1,158,244.98

Jun 07, 2022
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