An engineer was promised to have an initial salary of 42500 and will then be increased by P500 per month. If the engineer decided to not withdraw the salary for 2 years, how much will be the total amount after at an interest of 1.5% compounded quarterly. Note: Show detaild solution hand written please.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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An engineer was promised to have an initial salary of 42500 and will then be increased by P500 per month. If the engineer decided to not withdraw the salary for 2 years, how much will be the total amount after at an interest of 1.5% compounded quarterly.

Note: Show detaild solution hand written please. 

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