If you invest P8,000 at 6.6% interest, compounding monthly, how much will you have in 3 years?

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Question:

If you invest P8,000 at 6.6% interest, compounding monthly, how much will you have in 3½ years?

2. How much must you invest at 12% interest, compounding quarterly, in order to see your investment, grow to P5,000 in 27 months

3. If you invest P5,000 in a mutual fund extending a total annual return of 8% and you re-invest the proceeds each year, what will be the value of your investment after five years?

4. You deposited P1,000 in a savings account that pays 8% interest, compounded quarterly, planning to use it to finish you-r last year in college. Eighteen months later, you decide to go to Quezon City to become a call center agent rather than continue in school, so you close out your account. How much money will you receive?

5. What is the future value of a 5-year ordinary annuity with annual payments of P200, evaluated at a 7.5% semi-annual interest rate?

6. If P100 is placed in an account that requires a rate of return of 4%, compounded quarterly, what will it be worth in 5 years?

7. An investor puts P200 in a money market account TODAY that returns 3% with monthly compounding. The investor plans to keep his money in the account for 2 years. What is the future value of his investment when he closes the account two years from today?

8. Assume that you can invest to earn a stated annual rate of return of 12%, but where interest is compounded semiannually. If you make consecutive semi-annual deposits of P500 each, with the first deposit being made today, what will your balance be at the end of Year 5?

9. You expect to receive P1,000 at the end of each of the next 3 years. You will deposit these payments into an account which pays 10%, compounded semiannually. What is the future value of these payments, that is, the value at the end of the third year?

10. You inherit P150,000 from your aunt. You decide to invest the money in a three-year certificate of Deposit (CD) that pays 4% interest, compounding quarterly, to use as a down payment on a house. How much money will you have when the CD matures?