4. On retirement, Gilbert finds that his share of a pension fund is P1 500 000. If the fund isinvested at 6% compounded quarterly, how many years will Gilbert expect to receive P30to 0 every three months from his investment?5. At the end of every 6 months for 5 years, Richard deposits P5 000 in a trust fund paying6% compounded semiannually for his daughter's education. He then allowed the fund toaccumulate at the same interest rate for 5 more years without making any more deposits.How much is in the fund after 10 years?

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4. On retirement, Gilbert finds that his share of a pension fund is P1 500 000. If the fund is invested at 6% compounded quarterly, how many years will Gilbert expect to receive P30 to 0 every three months from his investment?

4. On retirement, Gilbert finds that his share of a pension fund is P1 500 000. If the fund is invested at 6% compounded quarterly, how many years will Gilbert expect to receive P30 to 0 every three months from his investment?

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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Question

4. On retirement, Gilbert finds that his share of a pension fund is P1 500 000. If the fund is
invested at 6% compounded quarterly, how many years will Gilbert expect to receive P30
to 0 every three months from his investment?
5. At the end of every 6 months for 5 years, Richard deposits P5 000 in a trust fund paying
6% compounded semiannually for his daughter's education. He then allowed the fund to
accumulate at the same interest rate for 5 more years without making any more deposits.
How much is in the fund after 10 years?

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