Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the compound amount on P1500 at the end of 35 years and 9 months, if the interest rate is 6% compounded quarterly. (Note: Round

Find the compound amount on P1500 at the end of 35 years and 9 months, if the interest rate is 6% compounded quarterly. (Note: Round off your answer to the nearest hundredths. Don't use comma and peso sign.)

Answer:

Question 2

Not complete

Marked out of 2.00

Flag question

Question text

If you deposit P8,000 into an account paying 7% annual interest compounded quarterly, how long is the approximate time until there is P12,400 in the account? (Note: Round off your answer to the nearest hundreds) )

Answer:

Question 3

Incorrect

Mark 0.00 out of 2.00

Flag question

Question text

What is the compound amount of P2000 invested for 2 years and 6 months at 5% compounded quarterly? (Note: round off your answer to the nearest hundredths. Don't use comma and peso sign)

Answer:

Feedback

Incorrect

Marks for this submission: 0.00/2.00. This submission attracted a penalty of 0.67.

Question 4

Not complete

Marked out of 2.00

Flag question

Question text

A principal of 25000 is placed in a savings account at 9% compounded semi-annually. How much is in the account after 6 months?

(a) What is the final amount? (nearest ones) Answer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practical Financial Management

Authors: William R. Lasher

4th Edition

0324260768, 9780324260762

More Books

Students also viewed these Finance questions