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A.) If the proceeds of the loan of P 43,258.49 will be paid with P 64, 440.76 at the end of 2.95 years. What is
A.) If the proceeds of the loan of P 43,258.49 will be paid with P 64, 440.76 at the end of 2.95 years. What is the simple discount rate?
B.) An engineer wishes to accumulate a total of P107,884 in a savings account at the end of 11 years. If the bank pays only 6% compounded quarterly, what should be the initial deposit?
C.) Find the compounded amount if P16940 is invested at 7% compounded quarterly for 6 years.
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