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Aman deposited P6,000 at a rate of 10% per annum. However, to add more fund, he deposits P500 per yearthat started one year after he
Aman deposited P6,000 at a rate of 10% per annum. However, to add more fund, he deposits P500 per yearthat started one year after he deposited the P6,000. If he is withdrawing P1,500 per year for his expenses, for how long will the fund last and what will be the balance in the fund afterthe last withdrawal was made? Ms. Apple Noche is a conservative investor. Since she learned that bonds are low risk, she tried her first RTB from Land Bank of the Philippines. If a P130000 bond certificate issued under her name matures after 10 years where redemption is at 105%, find the nominal yield if she invested P115300 for a semi-annual coupon rate of 3%
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