Question
DaniRojasdepositedP50,000.00intheBankofYarawhich offers12%interest compounded bi-monthly. Two years later, he deposited P70,000.00 in BancoLibertad which offers 14% compounded quarterly. The following year, hedeposited P90,000.00 in Banco Nacional
DaniRojasdepositedP50,000.00intheBankofYarawhich offers12%interest compounded bi-monthly. Two years later, he deposited P70,000.00 in BancoLibertad which offers 14% compounded quarterly. The following year, hedeposited P90,000.00 in Banco Nacional Esperanza which offers 16% interestcompoundedsemi-annually.
- Determinethewithdrawn amountfromBankofYarathreeyears afterthelastdeposit.
- Determinethewithdrawnamount fromBancoLibertad threeyearsafterthelastdeposit.
- Determinethewithdrawnamount fromBancoNacional Esperanzathreeyearsafterthelastdeposit.
- Determinethetotalamountdueifhemakesatotalwithdrawalthreeyearsafter thelastdeposit?
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Introduction To Business Law
Authors: Jeffrey F. Beatty, Susan S. Samuelson, Patricia Abril
6th Edition
1337404349, 978-1337404341
