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7. An investor puts P200 in a money market account TODAY 2 points that returns 3% with monthly compounding. The investor plans to keep his
7. An investor puts P200 in a money market account TODAY 2 points that returns 3% with monthly compounding. The investor plans to keep his money in the account for 2 years. What is the future value of his investment when he closes the account two years from today? P201.00 P406,56 O P212.18 OP212.35 2 points 8. Assume that you can invest to earn a stated annual rate of return of 12%, but where interest is compounded semiannually. If you make consecutive semi-annual deposits of P500 each, with the first deposit being made today, what will your balance be at the end of Year 5?* O P440.59 O P6,590.40 OP881.17 O P1,762.34 2 points 9. You expect to receive P1,000 at the end of each of the next 3 years. You will deposit these payments into an account which pays 10%, compounded semiannually. What is the future value of these payments, that is, the value at the end of the third year?* OP665.50 O P3,993.00 O P3,318.01 P7.986.00 2 points 10. You inherit P150,000 from your aunt. You decide to invest the money in a three-year certificate of Deposit (CD) that pays 4% interest, compounding quarterly, to use as a down payment on a house. How much money will you have when the CD matures? * O P506,188.80 P168,729.60 O P169,023.75 OP674,918.40 11. You plan to invest an amount of money in a certificate of 2 points deposit (CD) at your bank. The stated interest rate applied to the CD is 12%, compounded monthly. How much must you invest if you want the balance in the CD account to be P8,500 in 22 years? * O P143,302.66 O P11.941.89 O P11,302.14 O P6,306.34
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