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Math

Answered

Find the compound amount due in 10 years if Php. 500,000.00 is invested at 4% compounded monthly.

Sagot :

Jheymsgo Jheymsgo

Answer: 7.5

Step-by-step explanation: Using the formula A = P(1 + r/n)nt

Principal (P): $

10,000.00

Annual Rate (R): %

3.875

Compound (n): Compounding

Monthly (12/Yr)

Time (t in years):

ex. 1.5 yr = 18 mo

7.5

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