1. An amount of P12, 500 is invested at 3.25% simple interest for 3 years. Complete the table below. Time (in years) Principal Rate Interest Future Value P12, 500 0.0325 PO PO 2 2. If Wendy wants to invest her Php25,000, how many years will it take for her savings to accumulate to Php 40,000 if she invested her savings to a financial institution that provides a simple interest rate is 4.5% per year? 3. When will Php 30,000 earn interest of Php 15,000 if it is invested at the rate of 7.5% compounded annually? 4. If money can be invested at 7% compounded monthly, find the present value of 55,300 which is due after 2 years and 11 months from today.
1. An amount of P12, 500 is invested at 3.25% simple interest for 3 years. Complete the table below. Time (in years) Principal Rate Interest Future Value P12, 500 0.0325 PO PO 2 2. If Wendy wants to invest her Php25,000, how many years will it take for her savings to accumulate to Php 40,000 if she invested her savings to a financial institution that provides a simple interest rate is 4.5% per year? 3. When will Php 30,000 earn interest of Php 15,000 if it is invested at the rate of 7.5% compounded annually? 4. If money can be invested at 7% compounded monthly, find the present value of 55,300 which is due after 2 years and 11 months from today.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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PLEASE ANSWER 1,2,3 AND 4 SUB-PARTS
Transcribed Image Text:1. An amount of P12, 500 is invested at 3.25% simple interest for 3 years. Complete the table
below.
Time (in years)
Principal
Rate
Interest
Future Value
P12, 500
0.0325
PO
PO
1
2
2. If Wendy wants to invest her Php25,000, how many years will it take for her savings to
accumulate to Php 40,000 if she invested her savings to a financial institution that provides a
simple interest rate is 4.5% per year?
3. When will Php 30,000 earn interest of Php 15,000 if it is invested at the rate of 7.5%
compounded annually?
4. If money can be invested at 7% compounded monthly, find the present value of 55,300 which
is due after 2 years and 11 months from today.
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