Dory deposits a certain amount of money into her savings account at the beginning of each quarter for the next 4 years. She wants to have Php. 100,000.00 after 4 years. If the interest rate is 8% compounded quarterly, how much does she have to deposit at the beginning of each quarter? Create an amortization table
Dory deposits a certain amount of money into her savings account at the beginning of each quarter for the next 4 years. She wants to have Php. 100,000.00 after 4 years. If the interest rate is 8% compounded quarterly, how much does she have to deposit at the beginning of each quarter? Create an amortization table
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter27: Time Value Of Money (compound)
Section: Chapter Questions
Problem 5E
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Dory deposits a certain amount of money into her savings account at the beginning of each quarter for the next 4 years. She wants to have Php. 100,000.00 after 4 years. If the interest rate is 8% compounded quarterly, how much does she have to deposit at the beginning of each quarter? Create an amortization table
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