Solve the following question with complete solution and include cash flow diagram in handwritten form:   A recent government study reported that a college degree is worth an extra Php 37754 per quarter income compare to high school graduate. If the interest is 6 % per year compounded quarterly and you work for 30 years, what is the future compound amount of this extra income? (Round off the interest rate to 5 decimal place

Cornerstones of Financial Accounting
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ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
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Solve the following question with complete solution and include cash flow diagram in handwritten form:

 

A recent government study reported that a college degree is worth an extra Php 37754 per quarter income compare to high school graduate. If the interest is 6 % per year compounded quarterly and you work for 30 years, what is the future compound amount of this extra income? (Round off the interest rate to 5 decimal places)

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