1.How much will be future worth of money after 12 months if the sum of 35,000 pesos is invested today at simple interest rate of 3% per month?

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2.A Man expects to receive 125,000 pesos in eight years. How much is that money worth now considering an interest an interest rate of 12% compounded quarterly?

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3.How long will it take the money to triple itself if invested at 9.5% compounded semi-annually?

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4.By the condition stated in a will, the sum of 2.5M pesos is left to a son to be held in a trust fund by his guardian until it amount to 4.5M pesos. When will the son receive the money if the fund is invested at 10% compounded quarterly?

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5.What is the effective rate corresponding 18% compounded daily using 360 days in one year.

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6.Which term offer the best investment for 1 year?

a.10% simple interest, b. 9.6% compounded monthly or c. 10% compounded daily

7.A certain bank advertises 9.25% account that yield 9.58% annually. Find how often the interest is compounded.

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8.A chemical engineer borrowed 150,000 pesos at 12% interest and paid 20,000 pesos per year for the last four years. How much will be his final payment at the end of the fifth year?

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