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.
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 Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: The Basic Tools Of Finance
Section: Chapter Questions
Problem 3CQQ
Related questions
Question
Please answer B and C only and dont use excel
![NOTE: DONT USE EXCEL
Problem A:
Jenny's father depos
P36,000
for 5 years in her savin
accoun If her bank paid
4.67% inter
mpounded annually, in the future
value und off your final answer up to 2 decimal
praces.
Problem B:
ne end of each year
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc129a3c7-0b6d-43f7-b060-44204c55022b%2Ff7e7a91f-8fe9-4695-aad4-aa4a735a9b63%2F3rmbs3r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:NOTE: DONT USE EXCEL
Problem A:
Jenny's father depos
P36,000
for 5 years in her savin
accoun If her bank paid
4.67% inter
mpounded annually, in the future
value und off your final answer up to 2 decimal
praces.
Problem B:
ne end of each year
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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