Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How long will it take money to triple itself if invested at 8% compounded annually? a. 12 years c. 13 years b. 14years d. 15years

image text in transcribed
image text in transcribed
How long will it take money to triple itself if invested at 8% compounded annually? a. 12 years c. 13 years b. 14years d. 15years Mr. Yoso made a money market placement of Php 1,000,000 for 30 days at 7.5% per year. If the withholding tax is 20%, what is the net interest that hair. Yoso will receive at the end of the month?I a. 6250 c. 5000 h. 7500 d. 4000 Mang Thomas deposited Php 5,000,000 on a bank that earns 10% compounded annually. Five years later he died. His will states that his beneficiary is an orphanage which will be receiving the money in perpetuity a year after he died. Howr much is the yearly fund the orphanage will be receiving? a. 805,255.00 c. 885,780.50 h. 850,552.00 d. 858,8?005 A car dealer advertises the sale of a car model for a cash price of Php 280,000.00. [f purchased on installment, the required down payment is 15% and balance payable in 18 equal monthly installments at a rate of 1.5% per month. How much will he the required monthly payments? a. 1518538 c. 16847.53 b. 16487.35 d. 15815.87Ir

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

College Mathematics for Business Economics Life Sciences and Social Sciences

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

12th edition

321614003, 978-0321614001

More Books

Students also viewed these Economics questions