Answered: A fund is established by depositing…

A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is worth 12% compounded quarterly, find the amount of the fund after the last deposit is made.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 10RE: If 90,000 is invested in a fund on December 31, 2019, and 5 equal annual withdrawals of 23,138.32...

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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Please show your correct solution

7. A fund is established by depositing
P30,000 every beginning of 3 months for
2 years. If money is worth 12%
compounded quarterly, find the amount
of the fund after the last deposit is
made.
BE

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