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Jenny's father deposited P 36,000 at the end of each year for 5 years in her savings account. If her bank paid 4.67% interest compounded annually, find the future value. Round off your final answer up to 2 decimal places. Problem B: RS Bank pays interest at the rate of 7.6% annually compounded quarterly. How much money will Aerol have in the bank at the end of 4 years if he deposits P3,500 at the end of each quarter? Round off your final answer up to 2 decimal places. Problem C: Find the present value of annuity of P 4,500 at the end of each month for 6 years at 9.89% compounded monthly. Round off your final answer up to 2 decimal places.

Jenny's father deposited P 36,000 at the end of each year for 5 years in her savings account. If her bank paid 4.67% interest compounded annually, find the future value. Round off your final answer up to 2 decimal places. Problem B: RS Bank pays interest at the rate of 7.6% annually compounded quarterly. How much money will Aerol have in the bank at the end of 4 years if he deposits P3,500 at the end of each quarter? Round off your final answer up to 2 decimal places. Problem C: Find the present value of annuity of P 4,500 at the end of each month for 6 years at 9.89% compounded monthly. Round off your final answer up to 2 decimal places.

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 7CE
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NOTE: DONT USE EXCEL Problem A: Jenny's father deposited P 36,000 at the end of each year for 5 years in her savings account. If her bank paid 4.67% interest compounded annually, find the future value. Round off your final answer up to 2 decimal places. Problem B: RS Bank pays interest at the rate of 7.6% annually compounded quarterly. How much money will Aerol have in the bank at the end of 4 years if he deposits P3,500 at the end of each quarter? Round off your final answer up to 2 decimal places. Problem C: Find the present value of annuity of P 4,500 at the end of each month for 6 years at 9.89% compounded monthly. Round off your final answer up to 2 decimal places.
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