Direction: Find the compound interest and the maturity value in each of the following cases: Given: Compound Interest (I,) Future Value/Compound Amount (A„) 1) P 600,000 at 6% compounded semi-annually for 8 years 2) P 2,196,580 at 20.8% compounded quarterly for 4 years 3) P 100,000 at 8% compounded annually for 10 years
Direction: Find the compound interest and the maturity value in each of the following cases: Given: Compound Interest (I,) Future Value/Compound Amount (A„) 1) P 600,000 at 6% compounded semi-annually for 8 years 2) P 2,196,580 at 20.8% compounded quarterly for 4 years 3) P 100,000 at 8% compounded annually for 10 years
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
Problem 1PS
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Question
Find the compound interest and the maturity value in each of the following cases.
Transcribed Image Text:АСTIVITY 1
Direction: Find the compound interest and the maturity value in each of the following cases:
Given:
Compound Interest (In)
1) P 600,000 at
Future Value/Compound Amount (A„)
6%
compounded
semi-annually
for 8 years
2) P 2,196,580
at 20.8%
compounded
quarterly for 4
years
3) P 100,000 at
8%
compounded
annually for 10
years
4) P 75,000 at
8%
compounded
monthly for 2
years
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