Question
1) A person has saved P25,000 at the end of each month for the last 5 years. If this person has now P1,998,000 in bank
1) A person has saved P25,000 at the end of each month for the last 5 years. If this person has now P1,998,000 in bank account, at what rate compounded monthly does the bank pays?
Group of answer choices
13.45%
12.32%
11.20%
10.29%
2) If a person has an annuity of P17,000 payable at the beginning of each 6 months for 3 years at 11.20%, what is the original size of the debt?
Group of answer choices
P89,616.98
P89,435.86
P89,520.32
P89,396.20
3)Klein will discharge her debt, interest included, by paying P14,788 at the end of each 3 months for 2 years at 12% compounded quarterly. Find her remaining liability just after her 4th payment.
Group of answer choices
103,807.21
97,239.35
54,968.45
69,756.45
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