Jean deposited P2,000, P2,500 and P3,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.06 per annum. Determine the future worth of the deposit? Use one of the following formulas. Show
Jean deposited P2,000, P2,500 and P3,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.06 per annum. Determine the future worth of the deposit? Use one of the following formulas. Show
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Jean deposited P2,000, P2,500 and P3,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.06 per annum. Determine the future worth of the deposit?
Use one of the following formulas. Show complete solution.
![Arithmetic Gradient Formulas:
A G (A/G, 1%, n)
PG (P/G, 1%, n)
F=G (F/G, 1%, n)
P =
W =
P =
A =
= G | -
Cn
1+r
P =
C -1-wn
1+i 1-w
F =
Geometric Gradient Formulas:
1+r
1 + i
Gr1-(1+i)-¹
i
n
(1+i)"-1
Gr(1+i)" -1
i
i
-) ifw # 1
if w = 1
]
n
(1+i)".
-n]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F56fbdcdf-2f89-43b2-a0d3-57c660d752fd%2F3022a779-cf3a-409e-a983-07fa0261cff1%2Ficroogk_processed.png&w=3840&q=75)
Transcribed Image Text:Arithmetic Gradient Formulas:
A G (A/G, 1%, n)
PG (P/G, 1%, n)
F=G (F/G, 1%, n)
P =
W =
P =
A =
= G | -
Cn
1+r
P =
C -1-wn
1+i 1-w
F =
Geometric Gradient Formulas:
1+r
1 + i
Gr1-(1+i)-¹
i
n
(1+i)"-1
Gr(1+i)" -1
i
i
-) ifw # 1
if w = 1
]
n
(1+i)".
-n]
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