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Direction: Analyze and solve the following problems. 1. Find the present value of an ordinary annuity whose semiannual deposit is P12,000 at 5% compounded semiannually for 5 years. 2. How much should be invested at the end of every six months at 12% compounded quarterly in order to accumulate P50,000 after 6 years? 3. Find the monthly payment of an ordinary annuity if the present value is P18,500 with an interest rate of 10% compounded quarterly for 6 years. 4. Mrs. Quanico deposits P5,000 at the end of every 6 months in a bank account for her son's education. The account pays 8% interest compounded semiannually. How much will she have in 10 vears?

Direction: Analyze and solve the following problems. 1. Find the present value of an ordinary annuity whose semiannual deposit is P12,000 at 5% compounded semiannually for 5 years. 2. How much should be invested at the end of every six months at 12% compounded quarterly in order to accumulate P50,000 after 6 years? 3. Find the monthly payment of an ordinary annuity if the present value is P18,500 with an interest rate of 10% compounded quarterly for 6 years. 4. Mrs. Quanico deposits P5,000 at the end of every 6 months in a bank account for her son's education. The account pays 8% interest compounded semiannually. How much will she have in 10 vears?

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Let's Analyze Direction: Analyze and solve the following problems. 1. Find the present value of an ordinary annuity whose semiannual deposit is P12,000 at 5% compounded semiannually for 5 years. 2. How much should be invested at the end of every six months at 12% compounded quarterly in order to accumulate P50,000 after 6 years? 3. Find the monthly payment of an ordinary annuity if the present value is P18,500 with an interest rate of 10% compounded quarterly for 6 years. 4. Mrs. Quanico deposits P5,000 at the end of every 6 months in a bank account for her son's education. The account pays 8% interest compounded semiannually. How much will she have in 10 years? 5. Jimmy buys a car for P900,000. He pays a down payment of P80,000 and agrees that the balance will be paid within 5 years. If the payments are made at the end of each month and the interest is 12% compounded monthly, how much is each payment? Let's Evaluate A. Direction: solve the following problems 1. Find the amount of an annuity of P2,000 every year for 15 years if interest is 8% per annum compounded quarterly. 2. Bryan has just purchased a new car for P244,000. He borrowed the money and will repay it in monthly installments over 5 years. The interest rate is 8.4% compounded semiannually. Find the monthly payment. 3. Find the amount of an annuity of P400 every 3 months for 10 years if interest is 8% compounded annually. 4. Mark projected that the cost of the car he wants to purchase 3 years from now is P900,000. How much should he deposit every month for 3 years to purchase the car if his money earns 6% compounded quarterly? 5. Crizza has just purchased a new LED TV for P24,400. She borrowed the money and will repay it in monthly installments over 5 years. The interest rate is 5.4% compounded semiannually. Find the monthly payment.
Transcribed Image Text:Let's Analyze Direction: Analyze and solve the following problems. 1. Find the present value of an ordinary annuity whose semiannual deposit is P12,000 at 5% compounded semiannually for 5 years. 2. How much should be invested at the end of every six months at 12% compounded quarterly in order to accumulate P50,000 after 6 years? 3. Find the monthly payment of an ordinary annuity if the present value is P18,500 with an interest rate of 10% compounded quarterly for 6 years. 4. Mrs. Quanico deposits P5,000 at the end of every 6 months in a bank account for her son's education. The account pays 8% interest compounded semiannually. How much will she have in 10 years? 5. Jimmy buys a car for P900,000. He pays a down payment of P80,000 and agrees that the balance will be paid within 5 years. If the payments are made at the end of each month and the interest is 12% compounded monthly, how much is each payment? Let's Evaluate A. Direction: solve the following problems 1. Find the amount of an annuity of P2,000 every year for 15 years if interest is 8% per annum compounded quarterly. 2. Bryan has just purchased a new car for P244,000. He borrowed the money and will repay it in monthly installments over 5 years. The interest rate is 8.4% compounded semiannually. Find the monthly payment. 3. Find the amount of an annuity of P400 every 3 months for 10 years if interest is 8% compounded annually. 4. Mark projected that the cost of the car he wants to purchase 3 years from now is P900,000. How much should he deposit every month for 3 years to purchase the car if his money earns 6% compounded quarterly? 5. Crizza has just purchased a new LED TV for P24,400. She borrowed the money and will repay it in monthly installments over 5 years. The interest rate is 5.4% compounded semiannually. Find the monthly payment.
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