u of slunmot oIT Example 1 Dory deposits a certain amount of money into her savings account at the beginning of each quarter for the next 4 years. She wants to have P 100,000.00 after 4 years. If the interest rate is 8% compounded quarterly, how much does she have to deposit at the beginning of each quarter?
u of slunmot oIT Example 1 Dory deposits a certain amount of money into her savings account at the beginning of each quarter for the next 4 years. She wants to have P 100,000.00 after 4 years. If the interest rate is 8% compounded quarterly, how much does she have to deposit at the beginning of each quarter?
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.17E
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