Philip wants to have P10,200 for his traveling expenses four years from now. How much munt he save at the beginning of each quarter starting now, if he gets 6% compounded quarterly interest on his savings?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter4: Managing Your Cash And Savings
Section: Chapter Questions
Problem 7FPE: Calculating interest earned and future value of savings account. If you put 6,000 in a savings...
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Annuity Due (PLEASE DONT USE EXCEL) 1. Philip wants to have P10,200 for his traveling expenses four years from now. How much munt he save at the beginning of each quarter starting now, if he gets 6% compounded quarterly interest on his savings? 2. An investment of P650 is made at the beginning of six months for 10 years and 6 months. How much will the investment he worth at the end of the term, if interest is 3% compounded semi-annually? 3. A sala set is bought for P2,500 down payment and P750 payable at the beginning of each month for 36 months. What is the equivalent cash price of the set. If the interest rate is 4% compounded monthly?
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