Cheska invests P 60000 into an index annuity that has an average of 8.4% compounded semi-annually. At this rate, how many years for her account to reach P 1500000?

Structural Analysis
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ISBN:9781337630931
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Chapter2: Loads On Structures
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10. Cheska invests P 60000 into an index annuity that has an average of 8.4% compounded semi-annually. At this rate, how many years for her account to reach P 1500000?

11. Richard has P 7000 invested in a bank, it is compounded bimonthly at 12% on average per annum, find the compounded interest at the end of 8 years.

12. If the proceeds of P 2000 will be paid with P 2400 at the end of 10 months, find the discount rate.

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