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suppose mister and mrs soberano would like to show the present value of their monthly deposit of 3,000 when interest is 7% compounded monthly how much is the present value of their savings at the end of 6 months​

Suppose Mister And Mrs Soberano Would Like To Show The Present Value Of Their Monthly Deposit Of 3000 When Interest Is 7 Compounded Monthly How Much Is The Pres class=

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Answer:

Therefore, Mr. and Mrs. Soberano will have a savings of Php 4,502.19 at the end of 6 months

Step-by-step explanation:

Given:

P=3,000

i=0.07

n=6

Solution

F=P(1+i)^n

F=(3,000)(1+0.07)^6

F=(3,000)(1.07)^6

F=4,502.19