Question: answer all the given question and indicate your solution Question 5 3 Points How much must be invested in an account in order to have


Question 5 3 Points How much must be invested in an account in order to have P100,000 after 6 years if money is worth 8% compounded semiannually? Round your answer to 2 decimal places. Add your answer Question 6 3 Points Find the effective interest rate (in percent) when the stated rate is 4.5% and the interest is compounded quarterly. Round your answer to 2 decimal places. Question 7 3 Points John deposits P1,000 at the end of each month for 3 years in an investment account that earns 11% compounded monthly. What would be the amount after 3 years? Round your answer to 2 decimal places. Add your answer 3 Points Question 8 You are making car payments of P15,000/month for the next 5 years. You know that your car loan has an interest rate of 12%, converted monthly. What was the initial price of the car? Round your answer to 2 decimal places. Question 9 Find the exact number of days from May 20, 2021 to September 10, 2021. Add your answer Question 10 Discount P1,000 for 17 months at 6% simple discount rate. Round your answer to 2 decimal places. Add your
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
