A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is worth 12% compounded quarterly, find the amount of the fund after the last deposit is made.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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7. A fund is established by depositing
P30,000 every beginning of 3 months for
2 years. If money is worth 12%
compounded quarterly, find the amount
of the fund after the last deposit is
made.
BE
Transcribed Image Text:7. A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is worth 12% compounded quarterly, find the amount of the fund after the last deposit is made. BE
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