Question: Hi! Pls answer. I badly need help. Instructions: Complete solution is required. Please do not shortcut the procedure. Hoping for a right sequence of solving
Hi! Pls answer. I badly need help.
Instructions: Complete solution is required.Please do not shortcut the procedure.Hoping for a right sequence of solving each num so I can understand.Thank you!
TOPIC: Compound Interest
A. What is the present value of P65,000 at 11% compounded annually for 4 years? B. A P 1, 000,000 - trust fund was set up and to be used by an 8 - year old nephew when he goes to college. In 8 years, how much will the fund be if the investment rate is 7.5% compounded quarterly? C. Ryza borrows P 150,000. At what rate compounded bi - monthly will her interest be if she agrees to pay P10,000 more at the end of 2 years? D. Find the amount at the end of 5 years if P17,535 is invested at 2.45% compounded quarterly. E. If money is worth 6% compounded bi - monthly, find the present value of P 125,700 for 2 years. F. If the rate is at 1.25% effective, how long will P5,000 become P5.500?Compound interest, or 'interest on interest', is calculated with the compound interest formula. The formula for compound interest is P (1 + r) (nt), where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods
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