X. When invested at an annual interest rate of 7%, the amount earned P11,200 of simple...
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X. When invested at an annual interest rate of 7%, the amount earned P11,200 of simple interest in two years. How much money was originally invested? FINAL ANSWER: XI. Mr. Ocampo invested P150,000 at 10% compounded annually. He plans to get this amount after 6 years for his son's college education. How much will he get? FINAL ANSWER: XII. Aling Paring started to deposit P 2,000 quarterly in a fund that pays 5.5% compounded quarterly. How much will be in the fund after 6 years? FINAL ANSWER: XIII. ABC Bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank at the end of 5 years if he deposits P3,000 every month? FINAL ANSWER: X. When invested at an annual interest rate of 7%, the amount earned P11,200 of simple interest in two years. How much money was originally invested? FINAL ANSWER: XI. Mr. Ocampo invested P150,000 at 10% compounded annually. He plans to get this amount after 6 years for his son's college education. How much will he get? FINAL ANSWER: XII. Aling Paring started to deposit P 2,000 quarterly in a fund that pays 5.5% compounded quarterly. How much will be in the fund after 6 years? FINAL ANSWER: XIII. ABC Bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank at the end of 5 years if he deposits P3,000 every month? FINAL ANSWER:
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th Edition
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
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