ennifer started to deposit ₱1,000 monthly in a fund that pays 6% compounded quarterly. How much will be in the fund after 15 years? Hide answer choices ₱18,009.77 ₱144,193.20 ₱253,927.62 ₱288,608.17

ennifer started to deposit ₱1,000 monthly in a fund that pays 6% compounded quarterly. How much will be in the fund after 15 years? Hide answer choices ₱18,009.77 ₱144,193.20 ₱253,927.62 ₱288,608.17

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 22E

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Concept explainers

Income Statement

Income Statement also commonly called a profit and loss statement, one of the key financial statements (considered together with balance sheet and cash flow statement) which shows the revenues and expenses, as well as the gains and losses of a company for a given period. In other words, it presents the financial performance/profitability of a business over a specified accounting period.

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ennifer started to deposit ₱1,000 monthly in a fund that pays 6% compounded quarterly. How much will be in the fund after 15 years?

Hide answer choices
₱18,009.77

₱144,193.20

₱253,927.62

₱288,608.17

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