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Sagot :
Answer:
FV = 45,073.00 pesos
Step-by-step explanation:
FV=PV∗(1+(r/n))nt
FV = ?
PV = 40000
r = 4% or 0.04
n = 4 (quarterly)
t = 3 years
FV=40000∗(1+(0.04/4))(4∗3)
FV=40000∗(1.01)12
FV=40000∗1.126825
FV=40000∗1.126825
FV = 45,073.00 pesos
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