Answered: 7. A fund is established by depositing…

7. A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is worth 12% compounded quarterly, find the amount of the fund after the last deposit is made.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 22E

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Please took a picture pls so that i can see the proper format for the solution. Thanks.

7. A fund is established by depositing
P30,000 every beginning of 3 months for
2 years. If money is worth 12%
compounded quarterly, find the amount
of the fund after the last deposit is
made.
BE

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