B. Refer to the problem below and answer the question that follows. (5 points) Suppose Mrs. Santos would like to save P3,000 every month in a fund that gives 9% compounded monthly. How much is the amount or future value of her savings after 6 months? Given: periodic payment, R P3,000 Term, t 6 months Interest rate per annum, i = 0.09 Number of conversions per year, m 12 0.09 Interest rate per period, / = 0.0075 12 Required: future value, F Solution: 1. llustrate the cash flow in time diagram.

B. Refer to the problem below and answer the question that follows. (5 points) Suppose Mrs. Santos would like to save P3,000 every month in a fund that gives 9% compounded monthly. How much is the amount or future value of her savings after 6 months? Given: periodic payment, R P3,000 Term, t 6 months Interest rate per annum, i = 0.09 Number of conversions per year, m 12 0.09 Interest rate per period, / = 0.0075 12 Required: future value, F Solution: 1. llustrate the cash flow in time diagram.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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