etirement for 20 years, a self-employed engineer deposits P6,000 every end of 3 months in a fund that earns 10% compounded quarterly

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 23P
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To prepare his retirement for 20 years, a self-employed engineer deposits P6,000 every end of 3 months in a fund that earns 10% compounded quarterly. How much could he get after his retirement?

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