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ACTIVITY 3. General Annuity. Answer the following problems. 1. Joneph wants to accumulate Php 150 000 in his bank account by depositing Php 1 000
ACTIVITY 3. General Annuity. Answer the following problems. 1. Joneph wants to accumulate Php 150 000 in his bank account by depositing Php 1 000 at the beginning of each month. If interest on the account is 5% compounded quarterly, for how long does Joseph have to deposit the money? 2. Find the amount of an annuity of Php 700 every 6 months for 12 years if interest 1 6% compounded monthly ASSESSMENT: Simple and General Annuitien, Answer the following problema: 1. How much is the monthly payment of Mr. Tolentino if he borrowed Php 30 000 payable in 6 years by paying equal sums at the end of each month with interest rate of 5% compounded monthly 2. Find the amount of an annuity of Php 2.000 every year for 15 years if interest is 8% compounded quarterly
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