Hello tutors! Would you pls help me? Thankyou! Compound Interest (Show Solution) 1. Millet wants to provide
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Hello tutors! Would you pls help me? Thankyou! Compound Interest (Show Solution) 1. Millet wants to provide a P200,000 graduationgiftforherdaughter maewhoisnow16 yearsold.she would likethe fund to be available by the time her daughter is 20.She decides on an Investment that pays 10% compounded quarterly.How large must the depositbe?
2. Whatamountmustbeinvestednowinsavings accountearnings9%compoundedquarterlyto accumulate a total of 21,000 after 4 years?
3.Whatwillbethematurityvalueof12,000Investedforfour(4)yearsat15%compoundedquarterly?
4. Determinethematurityvalueof3,000Investedat9.5%compoundedsemi-annually for3years.
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