Bianca wants to have Php 60,000 in the future. If she decides to deposit 1000 at the end of every quarter at 8% compounded quarterly, how many regular deposits are there?

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 12E
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Bianca wants to have Php 60,000 in the future. If she decides to deposit
1000 at the end of every quarter at 8% compounded quarterly, how
many regular deposits are there?
Transcribed Image Text:Bianca wants to have Php 60,000 in the future. If she decides to deposit 1000 at the end of every quarter at 8% compounded quarterly, how many regular deposits are there?
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