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Question
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?
Options:
A .  11.23 years
B .  11.46 years
C .  11.57 years
D .  11.87 years
Answer: Option C

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