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Discussion :: Engineering Economics

  1. 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?

    2. A.

     11.23 years
    B.

     11.46 years
    C.

     11.57 years
    D.

     11.87 years

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    Answer : Option C

    Explanation :

    Explanation Not Provided

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