1. Mr. Paul makes an initial investment of ₱6,000 for a period of 3 years. Find the value of the investment after the three years if the investment earns the return of 10.5% compounded monthly. 2. What is the term if the final amount is ₱7,321 and the principal is ₱2,500 at 15% compound interest rate compounded quarterly? 3. Find the compound interest of a $4,750 loan, 11% compound interest compounded monthly for 2.5 years. 4. What is the principal of a loan if the final amount is ₱250,000 at 8% compound interest, compounded semi-annually for 4 years?
1. Mr. Paul makes an initial investment of ₱6,000 for a period of 3 years. Find the value of the investment after the three years if the investment earns the return of 10.5% compounded monthly. 2. What is the term if the final amount is ₱7,321 and the principal is ₱2,500 at 15% compound interest rate compounded quarterly? 3. Find the compound interest of a $4,750 loan, 11% compound interest compounded monthly for 2.5 years. 4. What is the principal of a loan if the final amount is ₱250,000 at 8% compound interest, compounded semi-annually for 4 years?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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find what is asked in the problem. Show your solution and box your final answer.
1. Mr. Paul makes an initial investment of ₱6,000 for a period of 3 years. Find
the value of the investment after the three years if the investment earns
the return of 10.5% compounded monthly.
2. What is the term if the final amount is ₱7,321 and the principal is ₱2,500 at
15% compound interest rate compounded quarterly?
3. Find the compound interest of a $4,750 loan, 11% compound interest
compounded monthly for 2.5 years.
4. What is the principal of a loan if the final amount is ₱250,000 at 8%
compound interest, compounded semi-annually for 4 years?
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