ASAP FOR UPVOTE. I NEED IT NOW. 5. Justin saves 20% of his monthly salary into an investment account with an interest rate of 2% compounded quarterly. Justin was hospitalized in the beginning of the 8th month and wasn’t able to remit for 4 months. After 4 months of delay in payment, He resumed saving but to compensate for those missed payments he decided to increase his monthly savings to 30% of his salary. If Justin’s yearly salary is P240,000 pesos, what is the total value of his investment after 1 year since he opened the investment account?
ASAP FOR UPVOTE. I NEED IT NOW. 5. Justin saves 20% of his monthly salary into an investment account with an interest rate of 2% compounded quarterly. Justin was hospitalized in the beginning of the 8th month and wasn’t able to remit for 4 months. After 4 months of delay in payment, He resumed saving but to compensate for those missed payments he decided to increase his monthly savings to 30% of his salary. If Justin’s yearly salary is P240,000 pesos, what is the total value of his investment after 1 year since he opened the investment account?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 14PROB
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PLEASE ANSWER IT ASAP FOR UPVOTE. I NEED IT NOW.
5. Justin saves 20% of his monthly salary into an investment account with an interest rate of 2% compounded quarterly. Justin was hospitalized in the beginning of the 8th month and
wasn’t able to remit for 4 months. After 4 months of delay in payment, He resumed saving but to compensate for those missed payments he decided to increase his monthly savings to 30% of his salary. If Justin’s yearly salary is P240,000 pesos, what is the total value of his investment after 1 year since he opened the investment account?
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