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? A P82,231 B P74,611 P68,433 P71,311
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? A P82,231 B P74,611 P68,433 P71,311
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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