A certain amount of money after a decade is said to be worth Php 11,000.00. Ifthe interest rate after the first half of the projected period is 1.8%compounded monthly, and the next half has 2% compounded continuously, what musthave been the principal amount in USD? Assume that there are 365 days in a yearand 1 USD = 49 PHP. Attach your answer below. Do not answer directly on this question.
A certain amount of money after a decade is said to be worth Php 11,000.00. Ifthe interest rate after the first half of the projected period is 1.8%compounded monthly, and the next half has 2% compounded continuously, what musthave been the principal amount in USD? Assume that there are 365 days in a yearand 1 USD = 49 PHP. Attach your answer below. Do not answer directly on this question.
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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A certain amount of money after a decade is said to be worth Php 11,000.00. Ifthe interest rate after the first half of the projected period is 1.8%compounded monthly, and the next half has 2% compounded continuously, what musthave been the principal amount in USD?
Assume that there are 365 days in a yearand 1 USD = 49 PHP.
Attach your answer below. Do not answer directly on this question. An electrical engineer desires to set up a fund by making uniform monthly end-of-period deposits for a decade. The fund will provide 250000 PHP at the end of each of the last 3 yrs of the entire period. If the interest is 6% compounded monthly, what is the monthly payable?
Attach your answer below. Do not answer directly on this question.
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