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1. What is the compound amount and interest if Php 10,000 is invested at 3.6% compounded monthly for 2 years? 2. How much interest earned in 5 years on Php 20,000 deposited in an account paying 6.5% compounded semi-annually? 3. How much money should you invest at an interest rate of 4.5% compounded monthly, in order to have Php 300,000 in 4 years? ctice Set

1. What is the compound amount and interest if Php 10,000 is invested at 3.6% compounded monthly for 2 years? 2. How much interest earned in 5 years on Php 20,000 deposited in an account paying 6.5% compounded semi-annually? 3. How much money should you invest at an interest rate of 4.5% compounded monthly, in order to have Php 300,000 in 4 years? ctice Set

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Practice Set 7 – The Mathematics of Finance (for CBAE, CHE, & CAE) Mathematics as a Tool (Part 2) H. Select the formula to be used in each problem below, then solve. nt A = P| 1+- A P = I = A-P, I = Prt nt 1+- 1. What is the compound amount and interest if Php 10,000 is invested at 3.6% compounded monthly for 2 years? 2. How much interest earned in 5 years on Php 20,000 deposited in an account paying 6.5% compounded semi-annually? 3. How much money should you invest at an interest rate of 4.5% compounded monthly, in order to have Php 300,000 in 4 years? ctice Set
Transcribed Image Text:Practice Set 7 – The Mathematics of Finance (for CBAE, CHE, & CAE) Mathematics as a Tool (Part 2) H. Select the formula to be used in each problem below, then solve. nt A = P| 1+- A P = I = A-P, I = Prt nt 1+- 1. What is the compound amount and interest if Php 10,000 is invested at 3.6% compounded monthly for 2 years? 2. How much interest earned in 5 years on Php 20,000 deposited in an account paying 6.5% compounded semi-annually? 3. How much money should you invest at an interest rate of 4.5% compounded monthly, in order to have Php 300,000 in 4 years? ctice Set
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