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How much will have in account on retirement day

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Problem 1: As a 50th birthday present to his wife, Alex deposited P50,000 in her account in an investment that pays 5% converted quarterly. How much will she have in her account on her retirement day?

Problem 2: Mrs. Vicky Guevarra deposited P18, 500 in a saving account on June 30, 2017 at a rate of 6% compounded quarterly. How much will she get if she withdraws all her money on December 25, 2020?

Reference no: EM132729294

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