skip if you already did this or else downvoteSHOW COMPLETE MANUAL SOLUTIONS FOR UPVOTENOT EXCEL 5. What amount of money would accumulate to Php7,500,000in 10 years at 10 %4% simple interest?

Using the Simple Interest formula, we can determine the principal amount that would give an…

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5. What amount of money would accumulate to Php7,500,000 in 10 years at 10 %4% simple interest?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 9EA: If you invest $12,000 today, how much will you have in (for further Instructions on future value in...

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in 10 years at 10 %4% simple interest?

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1. Determine the total amount if P11,500,000 is invested in 2 years, 5 months with interest rate of 13 1/2 %? 2. What is the future value of P33,000,000 in 1 1/4 years with interest rate of 8 1/4 %? 3. How much would be the accumulated amount if P2, 047, 000 is invested in 2 years, 2 months with interest rate of 10 ¾4%? 4. An investor put his money in an investment earning 10 1/2% simple interest rate per annum. If his total investment was P12.30 million, how much money he will receive at the end of 15 months? 5. Fernando invested his P1.57 million for three and half years in an investment having a simple interest of 16%. How much money he will collect after the term?