Jenny's father deposited P 36,000 at the end of each year for 5 years in her savings account. If her bank paid 4.67% interest compounded annually, find the future value. Round off your final answer up to 2 decimal places. Problem B: RS Bank pays interest at the rate of 7.6% annually compounded quarterly. How much money will Aerol have in the bank at the end of 4 years if he deposits P3,500 at the end of each quarter? Round off your final answer up to 2 decimal places. Problem C: Find the present value of annuity of P 4,500 at the end of each month for 6 years at 9.89% compounded monthly. Round off your final answer up to 2 decimal places.
Jenny's father deposited P 36,000 at the end of each year for 5 years in her savings account. If her bank paid 4.67% interest compounded annually, find the future value. Round off your final answer up to 2 decimal places. Problem B: RS Bank pays interest at the rate of 7.6% annually compounded quarterly. How much money will Aerol have in the bank at the end of 4 years if he deposits P3,500 at the end of each quarter? Round off your final answer up to 2 decimal places. Problem C: Find the present value of annuity of P 4,500 at the end of each month for 6 years at 9.89% compounded monthly. Round off your final answer up to 2 decimal places.
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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NOTE: DONT USE EXCEL
Problem A:
Jenny's father deposited P 36,000 at the end of each year for 5 years in her savings account. If her bank paid 4.67% interest compounded annually, find the future value . Round off your final answer up to 2 decimal places.
Problem B:
RS Bank pays interest at the rate of 7.6% annually compounded quarterly. How much money will Aerol have in the bank at the end of 4 years if he deposits P3,500 at the end of each quarter?
Round off your final answer up to 2 decimal places.
Problem C:
Find the present value of annuity of P 4,500 at the end of each month for 6 years at 9.89% compounded monthly. Round off your final answer up to 2 decimal places.
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