Money Matters Read and analyze the situation below, then answer the question that follows. You are a new accounts clerk in Lucena Metropolitan Bank where you met Mr. and Mrs. Smith who are planning for the education of their children in the future. You introduce to them the advantage of time deposit having the following features: Option A: 1.10% interest annually in 3 years, Option B: 1.25% interest annually in 5 years Option C: 1.75% interest annually in 8 years The couple has an initial amount of P50,000 to be deposited. help the c
Money Matters Read and analyze the situation below, then answer the question that follows. You are a new accounts clerk in Lucena Metropolitan Bank where you met Mr. and Mrs. Smith who are planning for the education of their children in the future. You introduce to them the advantage of time deposit having the following features: Option A: 1.10% interest annually in 3 years, Option B: 1.25% interest annually in 5 years Option C: 1.75% interest annually in 8 years The couple has an initial amount of P50,000 to be deposited. help the c
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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Money Matters
Read and analyze the situation below, then answer the question that follows.
You are a new accounts clerk in Lucena Metropolitan Bank where you met Mr. and Mrs. Smith who are planning for the education of their children in the future. You introduce to them the advantage of time deposit having the following features:
Option A: 1.10% interest annually in 3 years, Option B: 1.25% interest annually in 5 years
Option C: 1.75% interest annually in 8 years
The couple has an initial amount of P50,000 to be deposited. help the couple in deciding the terms of their investment make a proposal by completing the table. below.
PROPOSAL
PRINCIPAL
TIME
RATE
INTEREST
AMOUNT
P50,000 P50,000
11
CO_Q2_General Mathematics SHS Module 2
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What I Can Do
Money Matters
Read and analyze the situation below, then answer the question that follows.
You are a new accounts clerk in Lucena Metropolitan Bank where you met Mr. and
Mrs. Smith who are planning for the education of their children in the future. You
introduce to them the advantage of time deposit having the following features:
Option A: 1.10% interest annually in 3 years,
Option B: 1.25% interest annually in 5 years
Option C: 1.75% interest annually in 8 years
The couple has an initial amount of P50,000 to be deposited. To help the couple in
deciding the terms of their investment make a proposal by completing the table
below.
PROPOSAL
PRINCIPAL
TIME
RATE
INTEREST
AMOUNT
P50.000
P50.000
11
co Q2_General Mathematics SHS
Module 2
P50.000
Aside from the amount to be yielded at the end of each term what are the other
factors that you can consider?
List down the possible questions that you will ask to the couple to determine those
factors.
Is there any disadvantage in choosing each term? What are those?
What advice or tips can be given to the couple in choosing the term of interest?
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