Assume that time today is Dec. 13, 2022. Determine what is being asked in each problem. 1. Determine the value of ₱40,000 on June 13, 2024 at a discount of 4.2% compounded semiannually. 2. Determine the value ₱50,000 on Sept. 13, 2020 at a discount of 4.4% convertible quarterly. 3. How much is ₱25,000 worth on July 13, 2022 at 3.26% force of interest per yea
Assume that time today is Dec. 13, 2022. Determine what is being asked in each problem.
1. Determine the value of ₱40,000 on June 13, 2024 at a discount of 4.2% compounded semiannually.
2. Determine the value ₱50,000 on Sept. 13, 2020 at a discount of 4.4% convertible quarterly.
3. How much is ₱25,000 worth on July 13, 2022 at 3.26% force of interest per year.
Step by step
Solved in 2 steps
Assume that time today is Dec. 13, 2022. Determine what is being asked in each problem.
1. How much is the value of ₱50,000 on Mar. 13, 2020 assuming annual compound discount of 4 3/8%?
2. Determine the value of ₱10,000 on Sep.13, 2023 at an interest of 6.4% convertible quarterly .
3. Determine the value of ₱20,000 on Apr. 13, 2022 if interest is 6% compounded monthly.