Dave deposited P4,000, P4,500 and P5,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.1 per annum. Determine the future worth of the deposit? Note: Interest is already shown in decimal form. Do not round in between solution. No need to put UOM and comma. Final answer round to the nearest WHOLE NUMBER.
Dave deposited P4,000, P4,500 and P5,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.1 per annum. Determine the future worth of the deposit? Note: Interest is already shown in decimal form. Do not round in between solution. No need to put UOM and comma. Final answer round to the nearest WHOLE NUMBER.
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
Section: Chapter Questions
Problem 1PS
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what is the future worth of the deposit
Transcribed Image Text:Dave deposited P4,000, P4,500 and P5,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a
savings account which earned 0.1 per annum. Determine the future worth of the deposit?
Note: Interest is already shown in decimal form. Do not round in between solution. No need to put UOM and comma. Final answer round to the nearest WHOLE
NUMBER.
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