Jeanelle is planning to borrow money amounting to ₱ 250,000.00 Limbon Rural Bank is offering 1.25% compounded semi – annually, while Buli Cooperative Bank offers 1% compounded monthly. 12.How much will be the maturity value after 5 years if he borrows from Buli Cooperative Bank? a. ₱ 207,560.78 b. ₱ 262,812.30 c. ₱ 376,431.54 d. ₱ 386,221.32 13.What will be the interest after 5 years if he borrows from Limbon Rural Bank? a. ₱ 126,716.66 b. ₱ 117,071.88 c. ₱ 42,339.32 d. ₱ 16,071.86 14.What will be the interest after 5 years if he borrows from Buli Cooperative Bank? a. ₱ 136,221.32 b. ₱ 126,431.54 c. ₱ 12,812.30 d. ₱ 2,812.53 15.Which bank offers the smaller interest? a. Both b. None c. Limbon Rural Bank d. Buli Cooperative Bank
Jeanelle is planning to borrow money amounting to ₱ 250,000.00 Limbon Rural Bank is offering 1.25% compounded semi – annually, while Buli Cooperative Bank offers 1% compounded monthly. 12.How much will be the maturity value after 5 years if he borrows from Buli Cooperative Bank? a. ₱ 207,560.78 b. ₱ 262,812.30 c. ₱ 376,431.54 d. ₱ 386,221.32 13.What will be the interest after 5 years if he borrows from Limbon Rural Bank? a. ₱ 126,716.66 b. ₱ 117,071.88 c. ₱ 42,339.32 d. ₱ 16,071.86 14.What will be the interest after 5 years if he borrows from Buli Cooperative Bank? a. ₱ 136,221.32 b. ₱ 126,431.54 c. ₱ 12,812.30 d. ₱ 2,812.53 15.Which bank offers the smaller interest? a. Both b. None c. Limbon Rural Bank d. Buli Cooperative Bank
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
Jeanelle is planning to borrow money amounting to ₱ 250,000.00 Limbon
Rural Bank is offering 1.25% compounded semi – annually, while Buli
Cooperative Bank offers 1% compounded monthly.
12.How much will be the maturity value after 5 years if he borrows from Buli
Cooperative Bank?
a. ₱ 207,560.78
b. ₱ 262,812.30
c. ₱ 376,431.54
d. ₱ 386,221.32
13.What will be the interest after 5 years if he borrows from Limbon Rural
Bank?
a. ₱ 126,716.66
b. ₱ 117,071.88
c. ₱ 42,339.32
d. ₱ 16,071.86
14.What will be the interest after 5 years if he borrows from Buli Cooperative
Bank?
a. ₱ 136,221.32
b. ₱ 126,431.54
c. ₱ 12,812.30
d. ₱ 2,812.53
15.Which bank offers the smaller interest?
a. Both
b. None
c. Limbon Rural Bank
d. Buli Cooperative Bank
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