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What will the deposited amount be at the end of 5 years if P15,000 is deposited in an account earning 4% per year compounded quarterly?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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What will the deposited amount be at the end of 5 years if P15,000 is deposited in an account earning 4%
per year compounded quarterly?
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1. Given:
2. Formula:
3. Required:
4. Cash flow Sketch:
5. Solution:

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