You agree to make 24 deposits of Php500 at the beginning of each month into a bank account. At the end of the 24th month, you will have Php13,000 in your account. If the bank compounds interest...

You agree to make 24 deposits of Php500 at the beginning of each month into a bank account.  At the end of the 24th month, you will have Php13,000 in your account.  If the bank compounds interest monthly, what nominal annual interest rate will you be earning?

a. 7.62% B. 8.00% C. 8.40% D. 8.82% e.9.26%