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 ?

Civil Engineering Mcqs

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 ?

(A)  11.23 years

(B)  11.46 years

(C)  11.57 years

(D)  11.87 years

Submitted By :Ali Uppal

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