How much money will you receive

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Problem - You deposited P1,000 in a savings account that pays 8% interest, 2 points compounded quarterly, planning to use it to finish your last year in college. Eighteen months later, you decide to go to Quezon City to become a call center agent rather than continue in school, so you close out your account. How much money will you receive?

Reference no: EM132839095

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