A recent government study reported that a college degree is worth an extra Php 34806 per quarter income compare to high school graduate. If the interest is 6% per year compounded quarterly and you work for 31 years, what is the future compound amount of this extra income? Note: Round off your interest rate to five decimal places

A recent government study reported that a college degree is worth an extra Php 34806 per quarter income compare to high school graduate. If the interest is 6% per year compounded quarterly and you work for 31 years, what is the future compound amount of this extra income? Note: Round off your interest rate to five decimal places

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 7CE

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