Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 points How much money will you need to deposit today at 4% interest compounded monthly to have Php20.000 in the account after 12 years?

image text in transcribed

2 points How much money will you need to deposit today at 4% interest compounded monthly to have Php20.000 in the account after 12 years? Php 12,488 Php13,201 Php12,386 0 0 Php12,405 2 points Jim invested Php120.000 at ZXB Cooperative that promises to pay 10% compounded semi-annually. How much is the total amount of interest after 16 years? Php838,598 0 Php562,900 O Php451,793 O) Php673,800 Alex makes an investment worth Php15.000 in savings bank which repays 2 points 14% compounded monthly. If he withdraw all his investments and the interest the total amount is Php19.460. For how long did he invest his money? 225 years 1.87 years O 268 years 1.42 years I point Which of the following describes time or term? It is the amount of time in years the money is borrowed or invested. It is the date on which money is received by the borrower

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Corporate Finance

Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.

2nd Edition

0070074860, 9780070074866

More Books

Students also viewed these Finance questions