Your mom asked your opinion if she will be joining the cooperative in her office. She wants to know the amount of money she will be receiving after 6 months and wanted to buy something in December. The cooperative wants her to contribute P1,000 per month beginning in June 2020 which will earn 3% compounded monthly. How much will be the future value of your mom's contribution at the end of December 2020? Tasks: You need to prepare a report showing a cash flow diagram on the total amount of money your mother will earn at the end of December. At the end of your report, write a conclusion stating your opinion to help your mom to decide. Cash Flow Diagram Conclusion: Rubrics: 5-States a conclusion with complete and appropriate justification, based on a reasonable interpretation of the data. 4-States a conclusion with enough justification, based on interpretation the data. 3-States a conclusion with some justification, based on a reasonable interpretation of the data. 2-States a conclusion on a reasonable interpretation of the data. 1-The conclusion is based on an unreasonable interpretation of the data. a reasonable
Your mom asked your opinion if she will be joining the cooperative in her office. She wants to know the amount of money she will be receiving after 6 months and wanted to buy something in December. The cooperative wants her to contribute P1,000 per month beginning in June 2020 which will earn 3% compounded monthly. How much will be the future value of your mom's contribution at the end of December 2020? Tasks: You need to prepare a report showing a cash flow diagram on the total amount of money your mother will earn at the end of December. At the end of your report, write a conclusion stating your opinion to help your mom to decide. Cash Flow Diagram Conclusion: Rubrics: 5-States a conclusion with complete and appropriate justification, based on a reasonable interpretation of the data. 4-States a conclusion with enough justification, based on interpretation the data. 3-States a conclusion with some justification, based on a reasonable interpretation of the data. 2-States a conclusion on a reasonable interpretation of the data. 1-The conclusion is based on an unreasonable interpretation of the data. a reasonable
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 27M
Related questions
Question
100%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 12 images
Recommended textbooks for you
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning