6. You invest P 5 000 today at an interest rate of 10% for four years, how much would be the future value of the investment? а. Р3 415 b. P 7 000 c. P6 500 d. P 7 320 7. You are an incoming college freshman taking-up a four-year course. Suppose that you want to purchase a car immediately after graduating which will cost you P 75O 000. How much should you invest at the end of every year in an investment fund that earns 9% annually to have enough to buy the car upon graduation? a. P 164 000 b. P 531 300 c. P 607 445 d. P 132 828
6. You invest P 5 000 today at an interest rate of 10% for four years, how much would be the future value of the investment? а. Р3 415 b. P 7 000 c. P6 500 d. P 7 320 7. You are an incoming college freshman taking-up a four-year course. Suppose that you want to purchase a car immediately after graduating which will cost you P 75O 000. How much should you invest at the end of every year in an investment fund that earns 9% annually to have enough to buy the car upon graduation? a. P 164 000 b. P 531 300 c. P 607 445 d. P 132 828
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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