Mr. Palting deposited P100,000 on a bank bearing an interest of 12% compounded quarterly. At the end of 5 years, he started his annual deposits of P30,000. How much is his future account balance after he made his 4th annual deposit?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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Chapter5: The Time Value Of Money
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Mr. Palting deposited P100,000 on a bank bearing an interest of 12% compounded quarterly. At the end of 5 years, he started his annual deposits of P30,000. How much is his future account balance after he made his 4th annual deposit?

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