1. Millet wants to provide a P200,000 graduation gift for her daughter mae who is now 16...
Fantastic news! We've Found the answer you've been seeking!
Question:
1. Millet wants to provide a P200,000 graduation gift for her daughter mae who is now 16 years old. she would like the fund to be available by the time her daughter is 20.She decides on an Investment that pays 10% compounded quarterly. How large must the deposit be?
2. What amount must be invested now in savings account earnings 9% compounded quarterly to accumulate a total of ₱ 21,000 after 4 ¾ years?
3.What will be the maturity value of ₱12,000Invested for four (4) years at 15% compounded quarterly?
4. Determine the maturity value of ₱3,000Invested at 9.5% compounded semi- annually for 3 ½ years.
Related Book For
Business Law Today The Essentials
ISBN: 978-0324786156
9th Edition
Authors: Roger LeRoy Miller, Gaylord A. Jentz
Posted Date: