What will be the maturity value of ₱12,000 invested for four (4) years at 15% compounded quarterly? 2. Determine the maturity value of ₱3,000 invested at 9.5% compounded semiannually for 3 ½ years. 3. What amount must be invested now in savings account earnings 9% compounded quarterly to accumulate a total of ₱21,000 after 4 ¾ years?
What will be the maturity value of ₱12,000 invested for four (4) years at 15% compounded quarterly? 2. Determine the maturity value of ₱3,000 invested at 9.5% compounded semiannually for 3 ½ years. 3. What amount must be invested now in savings account earnings 9% compounded quarterly to accumulate a total of ₱21,000 after 4 ¾ years?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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- What will be the maturity value of ₱12,000 invested for four (4) years at 15% compounded quarterly? 2. Determine the maturity value of ₱3,000 invested at 9.5% compounded semiannually for 3 ½ years. 3. What amount must be invested now in savings account earnings 9% compounded quarterly to accumulate a total of ₱21,000 after 4 ¾ years?
- Millet wants to provide a ₱200,000 graduation gift for her daughter Mae who is now 16 years old. She would like the fund to be available by the time her daughter is 20. She decides on an investment that pays 10% compounded quarterly. How large must the deposit be?
- Ms. Cruz can buy a piece of property for ₱6,500,000 cash or ₱4,000,000 down payment and ₱4,200,000 in five (5) years. If she has money earning 8% converted quarterly, which is a better purchased plan and by how much?
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