Q203
By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly?
A.
11.23 years
B.
11.46 years
C.
11.57 years
AnswerD.
11.87 years
Answer: Option C
Solution
Answer: Option C
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