Chikita plans on raising funds for her donation drive, #BangonCagayan for the victims of typhoon Ulysses by making quarterly deposits at the start of every quarter in an account that pays 8% interest compounded quarterly. If she needs to raise ₱3,000,000.00 in 3 years, how much should she be depositing regularly into the account to meet her fundraising goal.

Chikita plans on raising funds for her donation drive, #BangonCagayan for the victims of typhoon Ulysses by making quarterly deposits at the start of every quarter in an account that pays 8% interest compounded quarterly. If she needs to raise ₱3,000,000.00 in 3 years, how much should she be depositing regularly into the account to meet her fundraising goal.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 52P

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