Bianca wants to have Php 60,000 in the future. If she decides to deposi 1000 at the end of every quarter at 8% compounded quarterly, how many regular deposits are there?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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3. 

Using question no 3. How much is the last deposit if it is on the last
regular deposit period?
Transcribed Image Text:Using question no 3. How much is the last deposit if it is on the last regular deposit period?
Bianca wants to have Php 60,000 in the future. If she decides to deposit
1000 at the end of every quarter at 8% compounded quarterly, how
many regular deposits are there?
Transcribed Image Text:Bianca wants to have Php 60,000 in the future. If she decides to deposit 1000 at the end of every quarter at 8% compounded quarterly, how many regular deposits are there?
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