Charlene deposited PhP25,000 in a savings bank on Jan. 13, 2013. At that time the bank was

Fantastic news! We've Found the answer you've been seeking!

Question:

Charlene deposited PhP25,000 in a savings bank on Jan. 13, 2013. At that time the bank was paying 4% interest compounded quarterly. On July 13,2015, the bank announced that it would start paying 4.5% interest compounded quarterly.

How much did Charlene have to her credit on July 13,2017?

Related Book For answer-question

Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

See More Books

Posted Date: May 18, 2023 02:57 AM

See More Questions

A new office building was constructed 5 years ago by a consulting engineering firm. At that time the firm obtained a bank loan for $100,000 with a 12% annual interest rate, compounded quarterly. The...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
What are the pros and cons of using social media at work? Discuss.
What is the meaning of corridor amortization?
Use the coefficient of volume expansion to estimate the density of water as it is heated from $60^{\circ} \mathrm{F}$ to $130^{\circ} \mathrm{F}$ at $1 \mathrm{~atm}$. Compare your result with...
Why would you also want to check social media sites for information about your own client or witness?
In the audit plan for the audit of Keystone Computers & Networks, Inc., on page 241 there is a section on significant accounting and auditing matters. The second matter described involves...
2. Let f(x) be the PDF of some random variable X. f is said to be symmetric about a number a if for all > 0, f(a - ) = (a + ). (a) Show that if f(x) is symmetric around a number a, then the median of...
I need help on this read from bottom to top. Image transcription text 7"} The second ?nancial statement to prepare is the statement of retained earnings. To determine the ending balance of...
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA...
For a length of time specified by your instructor (one week, two weeks, one month), write observations about nonverbal communications during one conversation each day. For each of these...
For a length of time specified by your instructor (one week, two weeks, one month), write daily in a journal about your listening skills. Each day, describe one interaction you had and discuss...
Think about how well you listen in high-pressure environments or when youre busy. Explain how well you do at each of the following active listening skills: paying attention, holding judgment,...
Form groups of three. You will complete this exercise three times, with each person rotating roles each time. The roles are asker, listener, and observer. Choose a time period (two minutes, three...
Think about a recent team or group project you were part of. Evaluate your teams performance in the following ways: A. How well did your team set goals and purposes for your writing project up front?...
Produce a memo. Mr. Williams has asked you to send memo to the Trillium Hospital Board of Director informing them that the annual board meeting will be on March 02, 2023, at the Holiday Inn in the...
For each of the following reactions, express the equilibrium constant: a) H20 (I) H2 (g) + 02 (g) Ke = 1.0x107 b) Fe2 (g) 2F (g) Ke= 4.9 x 10-21 c) C (s) + O2 (g) d) H2 (g) + C2H4 (g) C2H6 (g) Ke =...
Refer to Problem 2-26 and now assume the prices for the equipment that Constance wants to replace have not been constant. Use the cost index data for each piece of equipment to update the costs to...
Two hazardous environment facilities are being evaluated, with the projected life of each facility being 10 years. The cash flows are as follows: The company uses a MARR of 15%. Using rate of return...
A firm is concerned about the condition of some of its plant machinery. Bill James, a newly hired engineer, was assigned the task of reviewing the situation and determining what alternatives are...
You added some transactions to your QuickBooks Accountant file for Forever Young. Make a copy of that file, and use that copy to create and print the following. Be sure to remove the date prepared,...
Make a copy of the QuickBooks Accountant file you created for Pacific Brew in that chapter. Record the following business events in chronological order (remember, dates are in the month of January...
Restore the file Boston Catering create the following reports for the period 7/1/10 through 8/31/10 (unless otherwise specified) in a manner similar to that used in the chapter. a. Sales by customer...

Charlene deposited PhP25,000 in a savings bank on Jan. 13, 2013. At that time the bank was

Question:

Expert Answer:

To calculate how much Charlene had to her credit on July 13 2017 we need to determine the future val... View the full answer

Engineering Economic Analysis

Students also viewed these accounting questions