Question: C. Solve the following problems on compound interest. 13. Cian lends P45,000 for 3 years at 5% compounded semi-annually. Find the future value and interest
C. Solve the following problems on compound interest. 13. Cian lends P45,000 for 3 years at 5% compounded semi-annually. Find the future value and interest of this amount. 14. Tenten deposited P10,000 in bank which gives 1% compounded quarterly and let it stay there for 5 years. Find the maturity value and interest. 15. How much should you set aside and invest in a fund earning 9% compounded quarterly if you want to accumulate P200,000 in 3 years and 3 months? 16. How much should you deposit in a bank paying 2% compounded quarterly to accumulate an amount of P80,000 in 5 years and 9 months? 17. Miko has P250,000 to invest at 6% compounded monthly. Find the maturity value if he invests for (a) 2 years? (b) 12 years? (c) How much is the additional interest earned due to the longer time. 18. Yohan sold his car and invested P300,000 at 8.5% compounded quarterly. Find the maturity value if he invests for (a) 3 years? (b) 6 years? (c) How much is the additional interest earned due to the lon
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