Question: answer the table and 1,2,3 the formula is A=P(1+r)^nt GENERAL MATHEMATICS COMPOUND INTEREST Complete the table below by finding the required values. A (future value)

answer the table and 1,2,3 the formula is A=P(1+r)^nt

answer the table and 1,2,3 the formula is A=P(1+r)^nt GENERAL MATHEMATICS COMPOUND

GENERAL MATHEMATICS COMPOUND INTEREST Complete the table below by finding the required values. A (future value) P (present value) r (rate) c (no. of compounding) t (time) Solution (1) #40,000 3% Monthly 2 years (2) P60,000 4% Monthly 3 years #3,400,000 (3) 15% Semi-annually 15 years (4) $45,000 4.5% Semi-annually 2 years P16,800 (5) 3.8% Quarterly 15 months Solve each of the following problems. Round off your answer to the nearest hundredths if possible 1. How much would one invest now at 10% compounded quarterly to grow to $800,000 to be able to purchase a car in 5 years? 2. If #30,000 is deposited in a savings account at an annual rate of 5%. What is the amount in the account at the end of 3 years if compounded quarterly? 3. Roby obtained a loan of P30,000 from a Bank to renovate her house. If the rate of interest is 8%% per annum, what amount will she have to pay to the bank after 3 years to discharge her debt

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