7. Suppose you invested Php1,000,000 with the Sun Rise Financial Balanced Fund. Suppose also at the time you made the investment, the NAVPS for the fund was Php2.9834. How much shares can you buy and what is the value of these shares if you redeem the investment when the NAVPS reaches Php3.2758? Number of shares = Value of shares = 8. John invested Php50,000 in a time deposit account that pays 0.75% per year. How much interest is earned in 60 days after deduction of taxes? 9. A Php250,000 loan is to be paid with the same quarterly payments for three years with an interest rate of 8% compounded quarterly. Construct an amortization schedule. Period Payment Interest Prinicpal Balance 0 1 2 3 4 5 6 7 8 9 10 11 12 10. Consider the following account information for the month of February 2020. How much interest is earned for the given month if the annual interest rate is 1.25%? Assume that a withholding tax shall be deducted. Date Amount in Account No. of Days Accumulated amount February 1 February 6 February 15 February 26 Php561,837.45 Php605,443.46 Php 575,989.08 Php623,456.78 Total = Total = ADB = Solution for interest earned: 7. Suppose you invested Php1,000,000 with the Sun Rise Financial Balanced Fund. Suppose also at the time you made the investment, the NAVPS for the fund was Php2.9834. How much shares can you buy and what is the value of these shares if you redeem the investment when the NAVPS reaches Php3.2758? Number of shares = Value of shares = 8. John invested Php50,000 in a time deposit account that pays 0.75% per year. How much interest is earned in 60 days after deduction of taxes? 9. A Php250,000 loan is to be paid with the same quarterly payments for three years with an interest rate of 8% compounded quarterly. Construct an amortization schedule. Period Payment Interest Prinicpal Balance 0 1 2 3 4 5 6 7 8 9 10 11 12 10. Consider the following account information for the month of February 2020. How much interest is earned for the given month if the annual interest rate is 1.25%? Assume that a withholding tax shall be deducted. Date Amount in Account No. of Days Accumulated amount February 1 February 6 February 15 February 26 Php561,837.45 Php605,443.46 Php 575,989.08 Php623,456.78 Total = Total = ADB = Solution for interest earned