Solve the following problems. Show your solutions on a separate sheet of paper. 1. Your father is contemplating on joining the school cooperative and agrees to contribute monthly an amount of P4 000 for 6 months starting June 2019. According to the cooperative officials, his contribution shall earn 4% compounded monthly. Should your father join the school cooperative? 2. Your mother is being offered a variable life insurance (a permanent life insurance with an investment option) which requires her to pay an annual premium of P39 790 for 5 years. Assuming this fund allocation will earn 16% interest compounded quarterly, how much earnings would your mother get if she pursues this investment plan?

Solve the following problems. Show your solutions on a separate sheet of paper. 1. Your father is contemplating on joining the school cooperative and agrees to contribute monthly an amount of P4 000 for 6 months starting June 2019. According to the cooperative officials, his contribution shall earn 4% compounded monthly. Should your father join the school cooperative? 2. Your mother is being offered a variable life insurance (a permanent life insurance with an investment option) which requires her to pay an annual premium of P39 790 for 5 years. Assuming this fund allocation will earn 16% interest compounded quarterly, how much earnings would your mother get if she pursues this investment plan?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter12: Tax Credits And Payments

Section: Chapter Questions

Problem 32P

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