Compound Interest F. Determine the value of n and t in each problem below. 1. How much is the interest of an investment at 4% compounded quarterly for 2 years? 2. Caleulate the compound amount of Php 4,000 compounded monthly for 1 years? 3. A man deposited Php 20,000 in a savings bank that pays 4-% compounded semi-annually for 2 years and 6 months. What is the compound amount at the end of the term?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Compound Interest
F. Determine the value of n and t in each problem below.
1. How much is the interest of an investment at 4% compounded quarterly for 2 years?
2. Caleulate the compound amount of Php 4,000 compounded monthly for 1 years?
3. A man deposited Php 20,000 in a savings bank that pays 4-% compounded semi-annually for 2
years and 6 months. What is the compound amount at the end of the term?
Transcribed Image Text:Compound Interest F. Determine the value of n and t in each problem below. 1. How much is the interest of an investment at 4% compounded quarterly for 2 years? 2. Caleulate the compound amount of Php 4,000 compounded monthly for 1 years? 3. A man deposited Php 20,000 in a savings bank that pays 4-% compounded semi-annually for 2 years and 6 months. What is the compound amount at the end of the term?
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