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1. Psalm has invested 7500Php at 12.5% compounded annually and she proposed to invest 1250Php on the same terms at the end of each year
1. Psalm has invested 7500Php at 12.5% compounded annually and she proposed to invest 1250Php on the same terms at the end of each year for the next 18 years. What will Psalm's investment then amount to? 2. Jeremy is paying off his house loan by payments of 300000Php at the end of each year. Interest is being charged at 3.75%. What is the outstanding debt if he has just made a payment and there are still to be made 4 further payments of 300000Php and a final payment of 150000Php at the end of the 5th year
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