Please answer using GUFSA method and please also use the formulas attached. 1. In order to save for her high school graduation, Mariglenn decided to save P200 at the end of each month. If the bank pays 0.250% compounded monthly how much will her money be at the end of 6 years?
Please answer using GUFSA method and please also use the formulas attached. 1. In order to save for her high school graduation, Mariglenn decided to save P200 at the end of each month. If the bank pays 0.250% compounded monthly how much will her money be at the end of 6 years?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Please answer using GUFSA method and please also use the formulas attached.
1. In order to save for her high school graduation, Mariglenn decided to save P200 at the end of each month. If the bank pays 0.250% compounded monthly how much will her money be at the end of 6 years?
2. The buyer of a car pays P169,000 cash and P12,000 every month for 5 years. If money is 10% Compounded monthly how much is the cash price of the car?
3. Fernan borrows money to buy a motorcycle. He will repay the loan by making monthly payments of P1,500 for 24 months at an interest rate of 9% per year compounded monthly How much did Fernan borrow?
4. Gus purchased a laptop, and he would like to know the present value of his monthly payment of P3,000 when interest is 9% compounded monthly. How much is the present value of his payments at the end of 6 months?
5. Renato paid P200,000 as down payment for a car. The remaining amount is to be settled by paying P16,200 at the end of each month for 5 years. If interest is 10.5% compounded monthly what is the cash price of his car?
Transcribed Image Text:PRESENT VALME - loan, cash value
1- (1 + £ 5mt.
P = R
M
CASH VALUE CASH PRICE
CV = DP + P
Where DP means
(0)
domain pouy meant
Transcribed Image Text:FUTURE VALUE - Rawings/invertnment's
(1 + =) m² - 1
mt
F= R
니트 니트
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