Peter started to deposit PhP5,000 quarterly in a fund that pays 1% compounded quarterly. How much will be in the fund after 6 years? Note: Input the amount only, with comma and rounded to two decimals. Do not input the peso sign (Example: 16,435.50) Add your answer

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 6
Peter started to deposit PhP5,000 quarterly in a
fund that pays 1% compounded quarterly. How
much will be in the fund after 6 years?
Note: Input the amount only, with comma and
rounded to two decimals. Do not input the peso sign.
(Example: 16,435.50)
Add your answer
Transcribed Image Text:Question 6 Peter started to deposit PhP5,000 quarterly in a fund that pays 1% compounded quarterly. How much will be in the fund after 6 years? Note: Input the amount only, with comma and rounded to two decimals. Do not input the peso sign. (Example: 16,435.50) Add your answer
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