Solve each problem completely. 1. How much will be the future worth of money after 12...

 

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Solve each problem completely. 1. How much will be the future worth of money after 12 months if the sum of P35, 000 is invested today at a simple interest rate of 3% per month? 2. A man expects to receive P125, 000 in eight years. How much is that money worth now considering an interest rate of 12% compounded quarterly? 3. How long will it take the money to triple itself if invested at 9.5% compounded semi-annually? 4. By the conditions stated in a will, the sum of P2.5M is left to a son to be held in a trust fund by his guardian until it amounts to P4.5M. When will the son receive the money if the fund is invested at 10% compounded quarterly? 5. What is the effective rate corresponding to 18% compounded daily using 360 days in one year? 6. Which term offer the best investment for 1 year? a. 10% simple interest, b. 9.6% compounded monthly c. 10% compounded daily 7. A certain bank advertises 9.25% account that yields 9.58% annually. Find how often the interest is compounded, 8. A chemical engineer borrowed P150, 000 at 12% interest and paid P20, 000 per year for the last four years. How much will be his final payment at the end of the fifth year? Solve each problem completely. 1. How much will be the future worth of money after 12 months if the sum of P35, 000 is invested today at a simple interest rate of 3% per month? 2. A man expects to receive P125, 000 in eight years. How much is that money worth now considering an interest rate of 12% compounded quarterly? 3. How long will it take the money to triple itself if invested at 9.5% compounded semi-annually? 4. By the conditions stated in a will, the sum of P2.5M is left to a son to be held in a trust fund by his guardian until it amounts to P4.5M. When will the son receive the money if the fund is invested at 10% compounded quarterly? 5. What is the effective rate corresponding to 18% compounded daily using 360 days in one year? 6. Which term offer the best investment for 1 year? a. 10% simple interest, b. 9.6% compounded monthly c. 10% compounded daily 7. A certain bank advertises 9.25% account that yields 9.58% annually. Find how often the interest is compounded, 8. A chemical engineer borrowed P150, 000 at 12% interest and paid P20, 000 per year for the last four years. How much will be his final payment at the end of the fifth year?

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Here are the solutions to the problems you have given me 1 The future worth of P35000 invested at 3 ... View the full answer