What is the future worth of P600 deposited at the end of every month for 4 years if the interest rate is 12% compounded quarterly? include the cashflow diagram. Ans. P36,641

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...
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What is the future worth of P600 deposited at the end of every month for 4 years if the interest rate is 12% compounded quarterly? include the cashflow diagram.

Ans. P36,641

 

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