1. As a senior high school student, Jose decided to start making investments. He is going to deposit P600.00 at the end of each month for one year to an investment account that gives 6% interest rate compounded monthly. How much is the future value of annuity at the end of one year? Use the formula F = P PD j=_ n =

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Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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1. As a senior high school student, Jose decided to start making investments. He is
going to deposit P600.00 at the end of each month for one year to an investment
account that gives 6% interest rate compounded monthly. How much is the future
value of annuity at the end of one year? Use the formula F = P
PD
j=.
n =
2. John pays for his insurance the amount of P8,000.00 at the end of every three
months for 9 years with an interest rate of 9% compounded monthly. Find the future
value of John's payment for his car loan. Use the formula F = R
[(1+j)"-1]
(1+j)b.
%3D
-1.
R%=
n=
b%D
Transcribed Image Text:1. As a senior high school student, Jose decided to start making investments. He is going to deposit P600.00 at the end of each month for one year to an investment account that gives 6% interest rate compounded monthly. How much is the future value of annuity at the end of one year? Use the formula F = P PD j=. n = 2. John pays for his insurance the amount of P8,000.00 at the end of every three months for 9 years with an interest rate of 9% compounded monthly. Find the future value of John's payment for his car loan. Use the formula F = R [(1+j)"-1] (1+j)b. %3D -1. R%= n= b%D
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