Answer to Question #178270 in Financial Math for Krissia Morales

Question

Accumulate ₱ 25,000 for 2 years and 5 months at 6 ½ 3 compounded every two months

Answer 1

$A=P(1+\frac{r}{n})^{nt}$

$=25000(1+\frac{0.065}{6})^{\frac{29}{12}}$

$=2500\times1.026381757$

$=25659.54392$