Question
help with this pls If Php 100,000 is invested at 9% for 6 years, which conversion is most profitable for the investor? Select one: a.Compounded
help with this pls
If Php 100,000 is invested at 9% for 6 years, which conversion is most profitable for the investor?
Select one:
a.Compounded semi annually
b.Compounded annually
c.Compounded quarterly
d.Compounded bi monthly
e.Compounded monthly
Question2
Accumulate Php 2,500 for 5 years at 8 % compounded quarterly.
Select one:
a.Php 3500
b.Php 3,714.88
c.Php 3,654.75
d.Php 3,754.87
Question3
At what rate nominal rate, compounded monthly, will Php 8,200 amount to Php 12,000 at the end of 4 years & 4 months.
Select one:
a.7. 65 %
b.9.75 %
c.10.65 %
d.8.82 %
Question4
What is the maturity date of the loan from August21, 1990 if the term is 122 days. Use actual time
Select one:
a.December 16, 1990
b.December 21, 1990
c.December 22, 1990
d.December 18, 1990
e.December 20, 1990
Question5
A personal computer was bought on installments Php 5,000 down payment and the balance of Php22,000 in 4 years. What is the cash price if the interest rate is 20% compounded quarterly?
Php
Select one:
a.Php 18,490.47
b.Php15,078.45
c.Php 19,980. 47
d.Php 19,890.47
e.Php 14,980.47
Question6
When will Php 16,500 earn interest of Php 3,450 if it is invested at the rate of 15% compounded quarterly. (answer in 2 decimal places)
Select one:
a.1.29 years
b.5.16 years
c.10.6 years
d.10.82 years
e.1.34 years
Question7
If you can choose how frequently the interest rate on a loan is compounded that you have to pay back to someone else. In order to pay the least amount of interest would you want it rather to:
Select one:
a.compounded annually
b.compounded semi annually
c.compounded monthly
d.it make no difference
Question8
Sarah received Php 75 interest on her term deposit of Php 450 over 3 years. The simple interest rate per annum was: ( answer in two decimal places )
Select one:
a.0.55 %
b.0.56 %
c.22 %
d.11.2 %
e.5.56 %
Question9
Miss Jessica Dalit borrowed Php 6,120 on Oct. 03, 2007. She promised to repay the loan after 3 months, together with the interest at 8% interest rate. However, she was unable to repay the debt on time. When she settled the loan on March 16, 2008 she was required to pay 9 % on the unpaid amount for the time after the due date. How much did she pay? ( nearest whole number)
Select one:
a.Php 3 661
b.Php 6 631
c.Php 3 616
d.Php 6 361
e.Php 6 316
Question10
Find the present value of Php 1,200 due in 3 years and 9 months if money is worth 10% compounded quarterly
Select one:
a.Php 950.34
b.Php 875.76
c.Php 828.56
d.Php 845.52
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