Upload the picture of your solution including your CASH FLOW DIAGRAM. A young man saved his money every quarter for 5 years into his bank account. He deposits P2,000 per quarter for the first 2 years and P4,000 per quarter for the next 3 years. If the interest rate is 12% compounded bi-monthly, how much is the accumulated after his last deposit?

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
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Upload the picture of your solution including your CASH
FLOW DIAGRAM.
A young man saved his money every quarter for 5 years
into his bank account. He deposits P2,000 per quarter for
the first 2 years and P4,000 per quarter for the next 3
years. If the interest rate is 12% compounded bi-monthly,
how much is the accumulated after his last deposit?
Transcribed Image Text:Upload the picture of your solution including your CASH FLOW DIAGRAM. A young man saved his money every quarter for 5 years into his bank account. He deposits P2,000 per quarter for the first 2 years and P4,000 per quarter for the next 3 years. If the interest rate is 12% compounded bi-monthly, how much is the accumulated after his last deposit?
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