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?

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?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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