A man made end of each month deposits of P1,000.00 for 5 years. If annual interest rate is 12% compounded monthly. What

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A Man Made End Of Each Month Deposits Of P1 000 00 For 5 Years If Annual Interest Rate Is 12 Compounded Monthly What 1 (58 KiB) Viewed 58 times

A man made end of each month deposits of P1,000.00 for 5 years. If annual interest rate is 12% compounded monthly. What is the worth of the deposit at the end of 15 years? b)380,611.12 c) 291,640.15 d) 269,541.51 e) None a) 155,796.74 Many persons prepare for retirement by making monthly contributions to a savings program. Suppose that P100 is set aside each month and invested in a savings account that pays 12% interest each year, compounded continuously. Determine the accumulated savings in this account at the end of 30 years. a) Php311,618 b) Php345,205 c) Php 412,682 d) Php 213,809 e) None