5. Earl invested a principal of Php 50,000, with an annual rate is 4% for 3-year term. Find the following: a. The total amount of his investment at the end of the first year is_ b. The total amount of his investment at the end of the second year is c. The total amount of his investment at the end of the third year is
5. Earl invested a principal of Php 50,000, with an annual rate is 4% for 3-year term. Find the following: a. The total amount of his investment at the end of the first year is_ b. The total amount of his investment at the end of the second year is c. The total amount of his investment at the end of the third year is
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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Please answer 5, 6 and 7. I really need help, DONT USE EXCEL
Transcribed Image Text:B. Compound interest
4. Grace deposited Php40,000 in
interest compoun
Gra
Miil
urat pays 3.5%
What will be the balance of
count at the end of 2 years?
5. Earl invested a principal of Php 50,000, with an annual rate is 4%
for 3-year term.Find the following:
a. The total amount of his investment at the end of the first year is_
b. The total amount of his investment at the end of the second year is
c. The total amount of his investment at the end of the third year is_
6. Mr. Ritche plans to deposit his Php 450,000 in any of his selected
accounts that earns4 %
interest How much money is in the account after 5 years
compounded: a. semi-annually?
b. quarterly? and c. monthly?
7.How long will it take for the amount of Php 95,000 to increase by
Php 20,000 if it isinvested at 8% annual interest compounded semi-
annually ?
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