Suppose you want to invest php 10, 000.00 in the bank for 6 years. The Land bank of the Philippines (LBP) offers 12% annual simple interest rate per year. Banco De Oro offers 12 % compounded annually. Compute its simple interest at 6 years.

Q: Use the compound interest formulas A = P 1+ and A = Pe" to solve the problem given. Round answers to…

A: (a) Substitute 25000 for P , 0.05 for r , 2 for n and 4 for t in the formula A = P1+rnnt A =…

Q: nt Use the compound interest formulas A P1 +_ and A Pe" to solve the problem given. Round answers to…

A: Formula used:

Q: QUESTION 3. $4500 is deposited for 4.5 years in an account that pays 4.5% interest compounded…

A:

Q: A payment of $750 is due in 3 years, and $5,100 is due in 5 years. What single payment made today…

A:

Q: What is the formula for compounded interest and how do you work out a problem

A: The aim is to find the formula for compund interest and teh way to work out.

Q: Find the present value of $10,000 due in 8 years if the interest is 4.8% compounded continuously. O…

A: topic- exponential function

Q: $3,605 is withdrawn from an account that gave 5% interest compounded semi-annually for 10 years. How…

A: solution of the given problem is below ...

Q: QUESTION years. What will be the value of your investment after two years if the investment earns…

A: Given,  Principal = p =$ 10000 Rate of interest = r = 2 % compounded quaterly  Time period = t= 2…

Q: Excursions in Modern Mathematics chapter 10 edition 9 Which is a better deal for you as a saver APR…

A: Let A represent APR of 5% compounded monthly and B represent APR of 5% compounded continuously. In…