Your mom asked your opinion if she will be joining the cooperative in her office. She wants to know the amount of money she will be receiving after 6 months and wanted to buy something in December. The cooperative wants her to contribute P1,000 per month beginning in June 2020 which will earn 3% compounded monthly. How much will be the future value of your mom's contribution at the end of December 2020? Tasks: You need to prepare a report showing a cash flow diagram on the total amount of money your mother will earn at the end of December. At the end of your report, write a conclusion stating your opinion to help your mom to decide. Cash Flow Diagram Conclusion: Rubrics: 5-States a conclusion with complete and appropriate justification, based on a reasonable interpretation of the data. 4-States a conclusion with enough justification, based on interpretation the data. 3-States a conclusion with some justification, based on a reasonable interpretation of the data. 2-States a conclusion on a reasonable interpretation of the data. 1-The conclusion is based on an unreasonable interpretation of the data. a reasonable

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter5: Business Deductions
Section: Chapter Questions
Problem 45P
icon
Related questions
Question
100%
Your mom asked your opinion if she will be joining the cooperative in her office.
She wants to know the amount of money she will be receiving after 6 months
and wanted to buy something in December. The cooperative wants her to
contribute P1,000 per month beginning in June 2020 which will earn 3%
compounded monthly. How much will be the future value of your mom's
contribution at the end of December 2020?
Tasks:
You need to prepare a report showing a cash flow diagram on the total amount
of money your mother will earn at the end of December. At the end of your
report, write a conclusion stating your opinion to help your mom to decide.
Cash Flow Diagram
Conclusion:
Rubrics:
5-States a conclusion with complete and appropriate justification, based on a
reasonable interpretation of the data.
4-States a conclusion with enough justification, based on a reasonable
interpretation the data.
3-States a conclusion with some justification, based on a reasonable
interpretation of the data.
2-States a conclusion on a reasonable interpretation of the data.
1-The conclusion is based on an unreasonable interpretation of the data.
Transcribed Image Text:Your mom asked your opinion if she will be joining the cooperative in her office. She wants to know the amount of money she will be receiving after 6 months and wanted to buy something in December. The cooperative wants her to contribute P1,000 per month beginning in June 2020 which will earn 3% compounded monthly. How much will be the future value of your mom's contribution at the end of December 2020? Tasks: You need to prepare a report showing a cash flow diagram on the total amount of money your mother will earn at the end of December. At the end of your report, write a conclusion stating your opinion to help your mom to decide. Cash Flow Diagram Conclusion: Rubrics: 5-States a conclusion with complete and appropriate justification, based on a reasonable interpretation of the data. 4-States a conclusion with enough justification, based on a reasonable interpretation the data. 3-States a conclusion with some justification, based on a reasonable interpretation of the data. 2-States a conclusion on a reasonable interpretation of the data. 1-The conclusion is based on an unreasonable interpretation of the data.
Expert Solution
steps

Step by step

Solved in 3 steps with 12 images

Blurred answer
Recommended textbooks for you
SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
Accounting
ISBN:
9780357391266
Author:
Nellen
Publisher:
Cengage
Corporate Fin Focused Approach
Corporate Fin Focused Approach
Finance
ISBN:
9781285660516
Author:
EHRHARDT
Publisher:
Cengage
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning