Question: PROBLEM 1 What will your 12,000php be worth at the end of one year when the nominal annual interest rate is 12% when interest is

PROBLEM 1

What will your 12,000php be worth at the end of one year when the nominal annual interest rate is 12% when interest is compounded daily?

A. 12,000

B. 13,530

C. 13,440

D. 12,440

PROBLEM 2

A firm is evaluating a proposal which has an initial investment of P50,000 and has cash flows of P15,000 per year for five years. The payback period of the project is

A. 1.5 years.

B. 2 years.

C. 3.3 years.

D. 4 years.

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