NOTE: PLEASE ANSWER THE LAST THREE ITEMS FROM 8-10 thank you!! 2. How much must a corporation deposit in a bankwhich credits interest at 12% compoundedmonthly to come up in 8 years with P2,500,000needed for its expansion program?3. In purchasing of house, a man makes P720,000down payment and agrees to pay P1,200,000 5years later. Find the cash value of the house ifmoney is worth 14% compounded semi-annually.4. On the birth of a child, a father wished to invest ina trust fund which gives 12% compoundedquarterly. How much must he invest if he wantsto accumulate P650,000 by the time the childreaches his 21st birthday?5. To provide for a purchase of a car worthP950,000 as a gift to his mother 5 years fromnow. How much should Benjamin invest today at18% compounded quarterly?6. Mrs. Dela Cruz invested P70,000 at 12%compounded quarterly for 5 years and anotherP70,000 at 18% compounded semi-annually forthe same length of time. Find the total amount ofthe two investments.7. Four friends deposited P15,000 each in a trustfund that gives 16% interest quarterly. Find thetotal money in 8 years.8. Mrs. Dimayuga deposits P12,000 in a savingsaccount on March 30, 2006. Six months later,she deposited P6,000. If the bank credits at 12%compounded quarterly and no withdrawal hasbeen made, how much is her money onDecember 30, 2012?9. Mrs. Delos santos has P75,000. 1/3 of it wasinvested at 18% compounded semi-annually. 1/4of the remaining amount was invested at 12%compounded quarterly, and the remainingamount was invested at 12% compoundedmonthly. Find her total investment in 6 years.10. Find the compound amount and interest ofP29,700 invested for 6 years and 9 months at18% compounded monthly.

Here, To Find: Question 8: Total amount of invested money =? Question 9: Total investment in 6…

8. Mrs. Dimayuga deposits P12,000 in a savings account on March 30, 2006. Six months later, she deposited P6,000. If the bank credits at 12% compounded quarterly and no withdrawal has been made, how much is her money on December 30, 2012? 9. Mrs. Delos santos has P75,000. 1/3 of it was invested at 18% compounded semi-annually. 1/4 of the remaining amount was invested at 12% compounded quarterly, and the remaining amount was invested at 12% compounded monthly. Find her total investment in 6 years. 10. Find the compound amount and interest of P29,700 invested for 6 years and 9 months at 18% compounded monthly.

8. Mrs. Dimayuga deposits P12,000 in a savings account on March 30, 2006. Six months later, she deposited P6,000. If the bank credits at 12% compounded quarterly and no withdrawal has been made, how much is her money on December 30, 2012? 9. Mrs. Delos santos has P75,000. 1/3 of it was invested at 18% compounded semi-annually. 1/4 of the remaining amount was invested at 12% compounded quarterly, and the remaining amount was invested at 12% compounded monthly. Find her total investment in 6 years. 10. Find the compound amount and interest of P29,700 invested for 6 years and 9 months at 18% compounded monthly.

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money

Section: Chapter Questions

Problem 9.21MCE

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