Answered: Mr Ramos wants to accumulate Php100,000…

Mr Ramos wants to accumulate Php100,000 in 5 years. He wants to deposit a regular amount at the end of every quarter. How much is the regular deposit if the interest rate is 12% compounded quarterly?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 12E

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Mr Ramos wants to accumulate Php100,000 in 5 years. He wants to
deposit a regular amount at the end of every quarter. How much is the
regular deposit if the interest rate is 12% compounded quarterly?

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