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)
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,...
Related questions
Question
Help me on this tutor
![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3c04fa78-1065-4132-a4e8-cf5488005666%2Feb0479e2-664f-4e72-b689-f84946e2b53a%2F155d7qx_processed.jpeg&w=3840&q=75)
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.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Algebra and Trigonometry (6th Edition)](https://www.bartleby.com/isbn_cover_images/9780134463216/9780134463216_smallCoverImage.gif)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
![Contemporary Abstract Algebra](https://www.bartleby.com/isbn_cover_images/9781305657960/9781305657960_smallCoverImage.gif)
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
![Linear Algebra: A Modern Introduction](https://www.bartleby.com/isbn_cover_images/9781285463247/9781285463247_smallCoverImage.gif)
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
![Algebra and Trigonometry (6th Edition)](https://www.bartleby.com/isbn_cover_images/9780134463216/9780134463216_smallCoverImage.gif)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
![Contemporary Abstract Algebra](https://www.bartleby.com/isbn_cover_images/9781305657960/9781305657960_smallCoverImage.gif)
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
![Linear Algebra: A Modern Introduction](https://www.bartleby.com/isbn_cover_images/9781285463247/9781285463247_smallCoverImage.gif)
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
![Algebra And Trigonometry (11th Edition)](https://www.bartleby.com/isbn_cover_images/9780135163078/9780135163078_smallCoverImage.gif)
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
![Introduction to Linear Algebra, Fifth Edition](https://www.bartleby.com/isbn_cover_images/9780980232776/9780980232776_smallCoverImage.gif)
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
![College Algebra (Collegiate Math)](https://www.bartleby.com/isbn_cover_images/9780077836344/9780077836344_smallCoverImage.gif)
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education