you Php2,000,000 at the end of 20 years in a bank earning 2% interest compounded semi- annually, how much money shoule You invest today?

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
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4.lf you want to receive
Php2,000,000 at the end of 20
years in a bank earning 2%
interest compounded semi-
annually, how much money should
you invest today?
5.Anna borrowed money from a
bank charging 10% interest last
January 12, 2020 and is due on
June 12, 2020. If she paid
Php5,500 at the end of the loan,
what is the amount she borrowed
considering ordinary simple
interest? (Hint: How many months
from January 12 to June12)
6.Mr. Jones loaned a house and lot
worth Php3M from a commercial
bank for 15 years at an interest
rate of 12% compounded monthly.
Solve for the monthly amortization
of the loan.
Transcribed Image Text:4.lf you want to receive Php2,000,000 at the end of 20 years in a bank earning 2% interest compounded semi- annually, how much money should you invest today? 5.Anna borrowed money from a bank charging 10% interest last January 12, 2020 and is due on June 12, 2020. If she paid Php5,500 at the end of the loan, what is the amount she borrowed considering ordinary simple interest? (Hint: How many months from January 12 to June12) 6.Mr. Jones loaned a house and lot worth Php3M from a commercial bank for 15 years at an interest rate of 12% compounded monthly. Solve for the monthly amortization of the loan.
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