Mr. Erel

Mr. Erel earns 12% compounded quarterly. He projected to collect Ᵽ500,000 after ten years. What is the amount he needs to invest?

Final Answer:

x =  153278.42 Php

Step-by-step explanation:

s=500000 Php n=10 4=40 p=12%=10012=253=0.12  r=1+4p=1+40.12=100103=1.03  x   rn = s  x=rns=1.0340500000=153278.42 Php1.5105 Php



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