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.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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NOTE: PLEASE ANSWER THE LAST THREE ITEMS FROM 8-10 thank you!!
Transcribed Image Text:2. How much must a corporation deposit in a bank
which credits interest at 12% compounded
monthly to come up in 8 years with P2,500,000
needed for its expansion program?
3. In purchasing of house, a man makes P720,000
down payment and agrees to pay P1,200,000 5
years later. Find the cash value of the house if
money is worth 14% compounded semi-annually.
4. On the birth of a child, a father wished to invest in
a trust fund which gives 12% compounded
quarterly. How much must he invest if he wants
to accumulate P650,000 by the time the child
reaches his 21st birthday?
5. To provide for a purchase of a car worth
P950,000 as a gift to his mother 5 years from
now. How much should Benjamin invest today at
18% compounded quarterly?
6. Mrs. Dela Cruz invested P70,000 at 12%
compounded quarterly for 5 years and another
P70,000 at 18% compounded semi-annually for
the same length of time. Find the total amount of
the two investments.
7. Four friends deposited P15,000 each in a trust
fund that gives 16% interest quarterly. Find the
total money in 8 years.
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.
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