Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Problem 1: What is the future equivalent of $1,000 invested at 8% simple interest per year of 2.5 years?
Problem 2: An investment earns 20% compounded semiannually. After how many years will it triple?
Problem 3: A man is required to pay P57,500 at the endof 15 days and for P60,000 at the end of 60 days. Determine the rate of interest.
Problem 4: How much should you deposit in an account 5% interest semi-annually if you want to have $25,000
after 10 years?
Problem 5: How much should Jane return at the end of 60 days if she loaned P10,000 from a friend at a simple
interest of 10%?
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