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1. At a certain interest rate compounded semi- annually, P5,000 will amount to P20,000 after 10 years. What is the amount at the end of 15 years? 2. What is the future amount of P10,000 if interest is computed using exact simple interest for the period from January 15 to November 28, 1994, if the rate of interest is 22%. 3. A man wishes his son to receive P250,000 ten years from now. What amount should he invest if it will earn an interest of 10% compounded annually during the first 5 years and 12% compounded quarterly during the next 5 years?

1. At a certain interest rate compounded semi- annually, P5,000 will amount to P20,000 after 10 years. What is the amount at the end of 15 years? 2. What is the future amount of P10,000 if interest is computed using exact simple interest for the period from January 15 to November 28, 1994, if the rate of interest is 22%. 3. A man wishes his son to receive P250,000 ten years from now. What amount should he invest if it will earn an interest of 10% compounded annually during the first 5 years and 12% compounded quarterly during the next 5 years?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1. At a certain interest rate compounded semi- annually, P5,000 will amount to P20,000 after 10 years. What is the amount at the end of 15 years? 2. What is the future amount of P10,000 if interest is computed using exact simple interest for the period from January 15 to November 28, 1994, if the rate of interest is 22%. 3. A man wishes his son to receive P250,000 ten years from now. What amount should he invest if it will earn an interest of 10% compounded annually during the first 5 years and 12% compounded quarterly during the next 5 years?
Transcribed Image Text:1. At a certain interest rate compounded semi- annually, P5,000 will amount to P20,000 after 10 years. What is the amount at the end of 15 years? 2. What is the future amount of P10,000 if interest is computed using exact simple interest for the period from January 15 to November 28, 1994, if the rate of interest is 22%. 3. A man wishes his son to receive P250,000 ten years from now. What amount should he invest if it will earn an interest of 10% compounded annually during the first 5 years and 12% compounded quarterly during the next 5 years?
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