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1. Lylia takes a discounted loan for 6 months from a lender who charges 93% discount rate. What size loan should Lylia ask if she
1. Lylia takes a discounted loan for 6 months from a lender who charges 93% discount rate. What size loan should Lylia ask if she wants to receive P5.000 cash? Round off answers to 2 decimal places. 2. You wish to have P 100,000 ten years from now. What amount should you invest now if it will earn interest of 4% compounded semi-annually during the first five years and 5% compounded quarterly during the next five years? Round answers off to 2 decimal places. 3. Erik invests P165.000 in two kinds of treasury notes, which yield 7.5% and 6% annually. After two years, he earns P24.420 in interest. How much does he invest at the 6% simple interest rate? 4. Annual deposits were made in a fund earning 2.2% per annum. The 1st deposit was P 3000 and each deposit thereafter was P 300 more than the preceding one. Determine the amount in the fund after the 9th deposit. Round off answers to 2 decimal places
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