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11. Mr. Agustin applied for a loan from a bank that gave him an option to pay 3,500 monthly for two years. The first payment is due after 2 months. How much is the present value of the loan if the interest rate is 7.5% converted monthly? a. 77,295.39 c. 79,773.36 12. A loan is to be repaid quarterly for 5 years that will start at the end of 2 years. If the interest rate is 6% converted quarterly, how much is the loan if the quarterly payment is 10,000? a. 152,407.92 c. 201,747.59 13. How much should Mang Juan deposit in his account every month to accumulate 1,000,000 in 15 years if money is at 7% compounded quarterly? a. 3, 166.07 c. 70,000.00 14. A working students saves P1,000 monthly in a bank that pays 0.25% compounded every quarter. How much will her savings be after 4 years? a. 50,421.66 c. 76.996.37 b. 76,815.29 d. 80,271.95 b. 154,694.04 d. 204,773.81 b. 3, 188.00 d. 1,000,000.00 b. 48,235.70 d. 50.178,51

11. Mr. Agustin applied for a loan from a bank that gave him an option to pay 3,500 monthly for two years. The first payment is due after 2 months. How much is the present value of the loan if the interest rate is 7.5% converted monthly? a. 77,295.39 c. 79,773.36 12. A loan is to be repaid quarterly for 5 years that will start at the end of 2 years. If the interest rate is 6% converted quarterly, how much is the loan if the quarterly payment is 10,000? a. 152,407.92 c. 201,747.59 13. How much should Mang Juan deposit in his account every month to accumulate 1,000,000 in 15 years if money is at 7% compounded quarterly? a. 3, 166.07 c. 70,000.00 14. A working students saves P1,000 monthly in a bank that pays 0.25% compounded every quarter. How much will her savings be after 4 years? a. 50,421.66 c. 76.996.37 b. 76,815.29 d. 80,271.95 b. 154,694.04 d. 204,773.81 b. 3, 188.00 d. 1,000,000.00 b. 48,235.70 d. 50.178,51

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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Answer question number 11, 12, and 14.
11. Mr. Agustin applied for a loan from a bank that gave him an option to pay 3,500 monthly for two years. The first payment is due after 2 months. How much is the present value of the loan if the interest rate is 7.5% converted monthly? a. 77,295.39 с. 79,773.36 12. A loan is to be repaid quarterly for 5 years that will start at the end of 2 years. If the interest rate is 6% converted quarterly, how much is the loan if the quarterly payment is 10,000? а. 152,407.92 c. 201,747.59 13. How much should Mang Juan deposit in his account every month to accumulate 1,000,000 in 15 years if money is at 7% compounded quarterly? а. 3, 166.07 c. 70,000.00 14. A working students saves P1,000 monthly in a bank that pays 0.25% compounded every quarter. How much will her savings be after 4 years? a. 50,421.66 C. 76,996.37 b. 76,815.29 d. 80,271.95 b. 154,694.04 d. 204,773.81 b. 3, 188.00 d. 1,000,000.00 b. 48,235.70 d. 50,178.51
Transcribed Image Text:11. Mr. Agustin applied for a loan from a bank that gave him an option to pay 3,500 monthly for two years. The first payment is due after 2 months. How much is the present value of the loan if the interest rate is 7.5% converted monthly? a. 77,295.39 с. 79,773.36 12. A loan is to be repaid quarterly for 5 years that will start at the end of 2 years. If the interest rate is 6% converted quarterly, how much is the loan if the quarterly payment is 10,000? а. 152,407.92 c. 201,747.59 13. How much should Mang Juan deposit in his account every month to accumulate 1,000,000 in 15 years if money is at 7% compounded quarterly? а. 3, 166.07 c. 70,000.00 14. A working students saves P1,000 monthly in a bank that pays 0.25% compounded every quarter. How much will her savings be after 4 years? a. 50,421.66 C. 76,996.37 b. 76,815.29 d. 80,271.95 b. 154,694.04 d. 204,773.81 b. 3, 188.00 d. 1,000,000.00 b. 48,235.70 d. 50,178.51
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