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2. On a girl's 10th birthday, her father started to deposit P5,000 quarterly at the end of each term in a fund that pays 1% compounded monthly. How much will be in the fund on his daughter's 17th birthday? (use j = 0.002502, n=28)

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Answer:

₱5, 362.37

Step-by-step explanation:

Maturity Value (F

(use j=0.002502, n=28)

F= ₱5, 000 (1+ 0.002502)^ 28

= ₱5, 362.37202 or ₱5, 362.37

Hope that's help

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