Question

You have just learned that ZYK corporation offers an investment opportunity that costs P 5,000 every...

You have just learned that ZYK corporation offers an investment opportunity that costs P 5,000 every month and will amount to P 220,582 after 3 years. Compute the compound amount factor.

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Answer #1

this problem involves an amount of 'A' invested every month for the next 36 months resulting in sum 'F'. refer to above derivation for calculation of uniform series compound amount factor.

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