11. An amount of P 250,000 is now deposited into a savings account that earns 12% compounded continuously for the school requirements of a civil engineering student on the succeeding 5 years from now. If the every year the student will withdraw P 51,651 from this account, how many years would the deposit lasts?
11. An amount of P 250,000 is now deposited into a savings account that earns 12%
compounded continuously for the school requirements of a civil engineering student on the succeeding 5 years from now. If the every year the student will withdraw
P 51,651 from this account, how many years would the deposit lasts?
12. A company wishes to have P 350,000 in 9 years from now for building renovation. The company estimated that during this period, they can only afford to deposit
P 30,000 to an account to prepare for this future renovation. At what interest rate
compounded continuously should the company deposit to achieve this goal?
13. You have just learned that ZYK corporation offers an investment
compound amount factor.
14. What is the nominal value of the interest compounded continuously for a period of 3
years if the value of the uniform series present worth factor is 2.038?
15. Compute the equivalent
sinking factor value is 0.0612.
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