Bush Curry
08/11/2024 · Primary School
Solve the following simple annuities. 1. Roselyn spends Php 850 per month on cigarettes. If she stops smoking and invests the same amount in a plan paying \( 15 \% \) compounded monthly, how much will he have after 4 years? 2. At the birth of his grandson, Jethro commits to help pay his college education. He decides to make deposits of Php 10400 at the end of each three months into an account for 12 years. Find the amount of annuity assuming10\% compounded quarterly?
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Roselyn will have approximately Php 43,766.09 after 4 years. Jethro will have approximately Php 920,448.00 after 12 years.
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