A group of mountaineers decided to invest the money they earned from the fund-raising project. After 6 months from today, they want to withdraw from this fund P8,500 quarterly for 1 year to fund their mountain climbing. How much is the total deposit now if the interest rate is 5% converted quarterly? A. P43.075.34 B. P 36.735.41 C. P 32.556.54 D. P 23.655.54

A group of mountaineers decided to invest the money they earned from the fund-raising project. After 6 months from today, they want to withdraw from this fund P8,500 quarterly for 1 year to fund their mountain climbing. How much is the total deposit now if the interest rate is 5% converted quarterly? A. P43.075.34 B. P 36.735.41 C. P 32.556.54 D. P 23.655.54

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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Investment 1: Investing that $120,000 in a saving account for 15 years. There are two banks for her choice. Bank A pays a rate of return of 8.5% annually, compounding semi-annually. Bank B pays a rate of return of 8.45 annually, compounding quarterly. Investment 2: Putting exactly an equal amount of money into ANZ Investment Fund at the end of each month for 15 years to get 330 000 she still shorts of now. The fund is offering a rate of return 7% per year, compounding monthly.How much is the annual interest rate, assuming compounding annually Holly should aim at if she chooses to invest her $120 000 in a saving account to get the $450,000 ready in just 10 years from now?
Pls fo fast ... I will give like for sure .... solution must be in typed form
helpppp
Investment 1: Investing that $120,000 in a saving account for 15 years. There are two banks forher choice. Bank A pays a rate of return of 8.5% annually, compounding semi-annually. Bank Bpays a rate of return of 8.45 annually, compounding quarterly.Investment 2: Putting exactly an equal amount of money into ANZ Investment Fund at the endof each month for 15 years to get 330 000 she still shorts of now. The fund is offering a rate ofreturn 7% per year, compounding monthly. Calculate the amount of money Molly would accumulate in Investment 1 after 15 years if shechooses Bank B?
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