Question: #2 only please 1. Mr. Bagsit obtained two promissory notes today, Note A and Note B. Note Ais worth Php 6,000 due at the end

 #2 only please 1. Mr. Bagsit obtained two promissory notes today,

#2 only please

1. Mr. Bagsit obtained two promissory notes today, Note A and Note B. Note Ais worth Php 6,000 due at the end of 1 year and Note B is worth Php 8, 000 due at the end of 4 years. If we assume that money is worth 12% compounded semi-annually which of the two notes is more valuable? 2. AC owes JC Php2, 500 due in 2 years and Php4, 000 due in 5 years. To settle these financial obligations, AC agrees to pay Php1,000 after a year and another payment on the fourth year. How much is the payment on the fourth year if money is worth 16% compounded quarterly

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!