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At the beginning of every 3 months , college student deposits P300 in a fund that gives 12% compounded quarterly , If he intends to use this money for his graduation , how much money does he have in 4 years?

At the beginning of every 3 months , college student deposits P300 in a fund that gives 12% compounded quarterly , If he intends to use this money for his graduation , how much money does he have in 4 years?

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.17E
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34.At the beginning of  every 3 months ,  college student deposits  P300 in a fund  that gives 12% compounded quarterly , If he intends to use this money  for his graduation , how much money does he  have in 4  years?

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