Read and analyze the situation below then answers the question given. Your mom asked your opinion if she will be joining the cooperative in her office. She wants to know the amount of money she will...


Read and analyze the situation below then answers the question given.<br>Your mom asked your opinion if she will be joining the cooperative in her office.<br>She wants to know the amount of money she will be receiving after 6 months<br>and wanted to buy something in December. The cooperative wants her to<br>contribute P1,000 per month beginning in June 2020 which will earn 3%<br>compounded monthly. How much will be the future value of your mom's<br>contribution at the end of December 2020?<br>Tasks:<br>You need to prepare a report showing a cash flow diagram on the total amount<br>of money your mother will earn at the end of December. At the end of your<br>report, write a conclusion stating your opinion to help your mom to decide.<br>

Extracted text: Read and analyze the situation below then answers the question given. Your mom asked your opinion if she will be joining the cooperative in her office. She wants to know the amount of money she will be receiving after 6 months and wanted to buy something in December. The cooperative wants her to contribute P1,000 per month beginning in June 2020 which will earn 3% compounded monthly. How much will be the future value of your mom's contribution at the end of December 2020? Tasks: You need to prepare a report showing a cash flow diagram on the total amount of money your mother will earn at the end of December. At the end of your report, write a conclusion stating your opinion to help your mom to decide.

Jun 05, 2022
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