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

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

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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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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