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What is the amount of the fun when reaches twenty- five

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Problem 1: On her 18th birthday, Junna received P18,000 from her parents. The amount is deposited in a bank that pays 12% compounded quarterly, untils she reaches 25 years. What is the amount of the fun when she reaches 25, if after 3 years into the investment, the interest rate drops to 10% compound quarterly.

Reference no: EM132718690

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