8. Determine the effective interest rate of Php1.00 for one year compounded semi-annually at the nominal rate of 6%. 9. At a certain interest rate compounded semiannually, P 5,000.00 will amount to P 20,000 after 10 years. What is the amount at the end of 15 years?
8. Determine the effective interest rate of Php1.00 for one year compounded semi-annually at the nominal rate of 6%. 9. At a certain interest rate compounded semiannually, P 5,000.00 will amount to P 20,000 after 10 years. What is the amount at the end of 15 years?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please Only 8 & 9 I will rate the answer
![invested at 8% compounded quarterly?
8. Determine the effective interest rate of Php1.00 for one year compounded semi-annually at the
nominal rate of 6%.
9. At a certain interest rate compounded semiannually, P 5,000.00 will amount to P 20,000 after 10
years. What is the amount at the end of 15 years?
10. Mr. J de la Cruz borrowed money from a bank. He received from the bank P 1,342.00 and promise
to repay P 1,500.00 at the end of 9 months. Determine the simple rate.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F41a71aa8-201c-4a87-9a82-7aaf8bb30f20%2F1fc6572a-7251-4439-bf31-2e81e7ccf410%2F6i5g1jj_processed.png&w=3840&q=75)
Transcribed Image Text:invested at 8% compounded quarterly?
8. Determine the effective interest rate of Php1.00 for one year compounded semi-annually at the
nominal rate of 6%.
9. At a certain interest rate compounded semiannually, P 5,000.00 will amount to P 20,000 after 10
years. What is the amount at the end of 15 years?
10. Mr. J de la Cruz borrowed money from a bank. He received from the bank P 1,342.00 and promise
to repay P 1,500.00 at the end of 9 months. Determine the simple rate.
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