4. Vincent wants to deposit Php 5,000 at the end of each quarter, for 3 years in a bank that gives 870 interest compounded quarterly. How much will be the final amount or future value of his savings after 3 years?

4. Vincent wants to deposit Php 5,000 at the end of each quarter, for 3 years in a bank that gives 870 interest compounded quarterly. How much will be the final amount or future value of his savings after 3 years?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

LEARNING MODULE
4. Vincent wants to deposit Php 5,000 at the end of each quarter, for 3 years in a bank that gives 870
interest compounded quarterly. How much will be the final amount or future value of his savings after
3 years?

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