Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2 points 1. If you invest P8,000 at 6.6% interest, compounding monthly, how much will you have in 32 years? O P10,072.50 P10,010.64 OP8,155.09 O
2 points 1. If you invest P8,000 at 6.6% interest, compounding monthly, how much will you have in 32 years? O P10,072.50 P10,010.64 OP8,155.09 O P29,848.00 2. How much must you invest at 12% interest, compounding 2 points quarterly, in order to see your investment grow to P5,000 in 27 months? O P2,250,95 OP3,832.08 O P1,803.05 O P234.47 2 points 3. If you invest P5,000 in a mutual fund extending a total annual return of 8% and you re-invest the proceeds each year, what will be the value of your investment after five years? * OP5,400.00 O P4,629.63 O P7,346.64 OP3,402.92 4. You deposited P1,000 in a savings account that pays 8% 2 points interest, compounded quarterly planning to use it to finish your last year in college. Eighteen months later, you decide to go to Quezon City to become a call center agent rather than continue in school, so you close out your account. How much money will you receive? * O P1,126.16 O P1,999.00 O P250 25 O P1,439,45 5. What is the future value of a 5-year ordinary annuity with 2 points annual payments of P200, evaluated at a 7.5% semi-annual interest rate? OP3,828.34 O P1,348.48 O P1.161.68 O P287.13
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started