A man save P 150,000 in a fund that earns 14% compounded quarterly. This saving for the future education of his son that worth P 594,000. In how many years will the amount can be withdrawn?
A man save P 150,000 in a fund that earns 14% compounded quarterly. This saving for the future education of his son that worth P 594,000. In how many years will the amount can be withdrawn?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A man save P 150,000 in a fund that earns 14% compounded quarterly. This saving for the future education of his son that worth P 594,000. In how many years will the amount can be withdrawn?
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