Direction. Solve the following problem involving functions.Problem 1.How much should you invest at 6% annual interest rate to obtain a simpleinterest of P72,000.00 in 3 years?Problem 2. Jun invested an amount of P100,000.00 where he obtained an interest ofP16,000.00 at the end of 21/2 years. At what nominal rate compoundedsemi-annually was it invested?

The present value is the value of the sum received at time 0. It is the current value of the sum…

Answered: Problem 1. How much should you invest…

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Problem 1. How much should you invest at 6% annual interest rate to obtain a simple interest of P72,000.00 in 3 years?

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 12MC: (1) What is the value at the end of Year 3 of the following cash flow stream if the quoted interest...

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