accumulate P24,500 at 9% compounded monthly? 16. How much monthly deposit must be made for 7 years and 3 months in order to 17. What sum will be paid at the end of every three months for 5 years and 6 months, if the present value is P25,000 and interest is paid at 6% compounded quarterly? -18. Josh wants to buy a car worth 100 down payment

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
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ANSWER 16 and 17 only
58130
16. How much monthly deposit must be made for 7 years and 3 months in order to
accumulate P24,500 at 9 % compounded monthly?
17. What sum will be paid at the end of every three months for 5 years and 6 months,
if the present value is P25,000 and interest is paid at 6% compounded quarterly?
-18. Josh wants to buy a car worth P650,000. He can pay P100,000 down payment
and the balance payable every end of the month for 5 years. How much must he
pay monthly at 4% compounded monthly?
Transcribed Image Text:58130 16. How much monthly deposit must be made for 7 years and 3 months in order to accumulate P24,500 at 9 % compounded monthly? 17. What sum will be paid at the end of every three months for 5 years and 6 months, if the present value is P25,000 and interest is paid at 6% compounded quarterly? -18. Josh wants to buy a car worth P650,000. He can pay P100,000 down payment and the balance payable every end of the month for 5 years. How much must he pay monthly at 4% compounded monthly?
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