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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Number 5 with solutions please
Transcribed Image Text:Part 2: COMPOUND INTEREST: Show your complete solutions.
1.) Find the final or compound amount of P15,900.00 at 5.5% interest compounded
annually for 18 months.
2.) Find the interest on P25,750.00 for 3 years at 8% compounded quarterly.
3.) Find the present value of P150,000.00 at 15% interest compounded monthly for 6
years.
4.) At what rate of interest compounded semi-annually will P21, 590. 00 accumulate to
P26, 900. 00 in 2 years?
5.) How long will it take for P3, 700. 00 accumulate to P6,900. 00 at 4.5% compounded
quarterly?
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