1. Find the amount due at the end of 6 34 yrs if Php5,000 is invested at 12% compounded quarterly.
1. Find the amount due at the end of 6 34 yrs if Php5,000 is invested at 12% compounded quarterly.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:1. Find the amount due at the end of 6 34 yrs if
Php5,000 is invested at 12% compounded quarterly.
2. In buying a lot, Mrs. Sarmiento pays Php150,000
cash and agreed to pay Php15,000, three years
later at 10% interest compounded monthly. Find the
cash value of the lot.
3. What nominal rate compounded quarterly will
double the amount of Php30,000 in 9 years?
4. How long will it take for money to double itself at
5.5% compunded semi-annually?
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