General Mathetamics - General Annuity What's more..Answer as indicated. Write your answers in a separate sheet of paper.1. Which Offer has a better Fair Market Value?Company A offers P150,000 at the end of 3 years plus P300,000 at the endof 5 years. Company B offers P25,000 at the end of each quarter for thenext 5 years. Assume that money is worth 8% compounded annually.COMPANY ACOMPANY BP150,000 at the end of 3 yearsP300,000 at the end of 5 yearsP25,000 at the end of eachquarter for 5 years2. ABC bank pays interest at the rate of 2% compounded quarterly. Howmuch will Ken have in the bank at the end of 5 years if he depositsP3,000 every month?

Answered: Image /qna-images/answer/ef487375-ec25-45f4-8de6-520e8159606a.jpg

Answered: 2. ABC bank pays interest at the rate…

2. ABC bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank at the end of 5 years if he deposits P3,000 every month?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

General Mathetamics - General Annuity

What's more..
Answer as indicated. Write your answers in a separate sheet of paper.
1. Which Offer has a better Fair Market Value?
Company A offers P150,000 at the end of 3 years plus P300,000 at the end
of 5 years. Company B offers P25,000 at the end of each quarter for the
next 5 years. Assume that money is worth 8% compounded annually.
COMPANY A
COMPANY B
P150,000 at the end of 3 years
P300,000 at the end of 5 years
P25,000 at the end of each
quarter for 5 years
2. ABC bank pays interest at the rate of 2% compounded quarterly. How
much will Ken have in the bank at the end of 5 years if he deposits
P3,000 every month?

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