7.) How much was the interest if Althea invested P30,400.00 and received a total of P40,300.00 at the end of the term? A. P9,900.00 C. P40,300.00 B. P30,400.00 D. P70,700.00 8.) How much is the future value on this financial transaction, P = P10,000.00, r = 5%, and t = 3 years? A. P1,500.00 B. P11,500.00 C. P21,500.00 D. P25,000.00 9.) What is the total number of conversion periods when a certain amount is borrowed at 5.5% compounded quarterly for 4 years? A. 4 С. 16 В. 12 D. 22

7.) How much was the interest if Althea invested P30,400.00 and received a total of P40,300.00 at the end of the term? A. P9,900.00 C. P40,300.00 B. P30,400.00 D. P70,700.00 8.) How much is the future value on this financial transaction, P = P10,000.00, r = 5%, and t = 3 years? A. P1,500.00 B. P11,500.00 C. P21,500.00 D. P25,000.00 9.) What is the total number of conversion periods when a certain amount is borrowed at 5.5% compounded quarterly for 4 years? A. 4 С. 16 В. 12 D. 22

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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