Hi can you help me on my assignment?Kindly answer and show your solution please, i badly needed it . 12:48 O O511. If a certain fund earns an interestof 12% compounded quarterly,what is the effective rate of6. What should be the annual discountrate of a loan if the simple interest rate isinterest?a. 12.10%b. 3.05%c. 12.55%d. 12.68%8%?a. 65%b. 6.32%C. 7.41%d. 8.01%2. At an interest rate of 2% per month, themoney will double in value in how manymonths?7. A necklace is appraised at P6,300. Ifa. 20 monthsthe value of the necklace has increased atb. 22 monthsan annual rate of 7%, how much was itworth 15 years ago?a. P2,283.41c. 24 monthsd. 35 monthsb. P2,450.353. If P100,000.00 is loaned for 10 years ata simple interest rate of 15% per annum,c. P2,867.20d. P2,689.5determine the total amount due at the endof 10 years?a. P350,000.008. Jones Corporation borrowed P9,000from Brown Corporation on Jan. 1, 1978,b. P200,000.00and P12,000 on Jan. 1, 1980. Jonesc. P250,000.00d. P300.000.00Corporation made a partial payment ofP7,000 on Jan. 1, 1981. It was agreed thatthe balance of the loan would be4. What is the future amount P5,000 usingamortized by two payments, one on Jan.1, 1982, and on the other on Jan. 1, 1983,the exact simple interest for the periodfrom January 5 to November 28, 1990. Ifthe rate of interest is 22%the second being 50% larger than the first.If the interest rate is 12%, what is theamount of each payment?5. By the conditions of a will, the sum of9. If P5,000 is invested now at an interestP25,000 is left to a girl to be held in trustby her guardian until it amounts toP45,000. When will the girl receive therate of 9% compounded continuously, howmuch would be at the end of 8 years?a. P9,875.8b. P10,272.2money if the fund is invested at 8%compounded quarterly?a. 72 yearsb. 7.42 yearsc. 8.42 yearsd. 6.42 yearsc. P12,072.4d. P13,773.5с.10. Find the effective rate of interest for aninvestment that earns 5 %% per year,compounded continuously.a. 75%b. 5.65%C. 8.74%d. 12%

Interest rate means the rate of interest that the investment fetches during the period of time. It…

Answered: 1. If a certain fund earns an interest…

1. If a certain fund earns an interest of 12% compounded quarterly, what is the effective rate of interest? a. 12.10% b. 3.05% C. 12.55% d. 12.68%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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