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
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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?
Transcribed Image Text: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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