Find the missing value Interest Principal Rate Time P1,450.00 8% 90 days P 11,300.00 11% 5 months P 2,500.00 P 8, 500.00 9 months P 5,400.00 P 11,500.00 15% Compute the following 1. Maxwell borrow P500 and agree to pay 6% compound interest for 4years . How much will Maxwll have to pay back? 2. How much must Zaimin Yaz deposit in a 6% savings account and she wants it to amount to P120 after two years? 3. What rate of interest will allow P350 to grow to P500 in five years?
Find the missing value Interest Principal Rate Time P1,450.00 8% 90 days P 11,300.00 11% 5 months P 2,500.00 P 8, 500.00 9 months P 5,400.00 P 11,500.00 15% Compute the following 1. Maxwell borrow P500 and agree to pay 6% compound interest for 4years . How much will Maxwll have to pay back? 2. How much must Zaimin Yaz deposit in a 6% savings account and she wants it to amount to P120 after two years? 3. What rate of interest will allow P350 to grow to P500 in five 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
Transcribed Image Text:Find the missing value
Interest
Principal
Rate
Time
P1,450.00
8%
90 days
P 11,300.00
11%
5 months
P 2,500.00
P8, 500.00
9 months
P 5,400.00
P 11,500.00
15%
Compute the following
1. Maxwell borrow P500 and agree to pay 6-% compound interest for 4years . How much will Maxwell
have to pay back?
2. How much must Zaimin Yaz deposit in a 6% savings account and she wants it to amount to P120 after
two years?
3. What rate of interest will allow P350 to grow to P500 in five years?
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