55-56 55. Find the accumulated amount ofP1,000.00 after 7.5 years whendeposited in a bank at the rate of 12%compounded monthly.2,997.482,778.29O 2,129.982,448.6356. Find the accumulated amount of theordinary annuity paying anamortization of P1,500.00 per month ata rate of 10% compounded monthly for5 years.O 116,155.61121,157.00110,234.45

Answered: 55. Find the accumulated amount of…

55. Find the accumulated amount of P1,000.00 after 7.5 years when deposited in a bank at the rate of 12% compounded monthly.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

55-56

55. Find the accumulated amount of
P1,000.00 after 7.5 years when
deposited in a bank at the rate of 12%
compounded monthly.
2,997.48
2,778.29
O 2,129.98
2,448.63
56. Find the accumulated amount of the
ordinary annuity paying an
amortization of P1,500.00 per month at
a rate of 10% compounded monthly for
5 years.
O 116,155.61
121,157.00
110,234.45

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