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just answer activity 2 ( 1-5) fil in the blanks only Directions: Complete the table by solving using compound interest. If the maturity value is
just answer activity 2 ( 1-5) fil in the blanks only
Directions: Complete the table by solving using compound interest. If the maturity value is rolled out at 6% every 120 days for 2 years at the end of the period, it will accumulate an interest of: Example 1 120 l ,000. 00 PIOZ, 010 00 360 360 360 P1 .050 0] 360 g). {403,285.67 360 5 Pl,093.69 360 3'32 P112,682.Sl 360 ACTIVITY 2 Directions: Fill in the blanks. Complete the following statements. l. is an interest that is generated in terms of years that is based only on the starting amount or principal amount. 2. Mr. De Jesus made an investment for 5 years with an interest rate of 6% compounded monthly. The compounding frequency of the investment is 3. a series of payment or withdrawals at the same period of time. 4. a payment done at the end of an interval on a specic period of time 5. is the other term for future value in simple and compounding interes B. PERFORMANCE TASK Your parents are planning to save for their retirement A retirement plan is a nancial arrangement made by an individual employees/employers, insurance companies, and other institutions to replace employment income upon retirement. 'I'hey target to accumulate P5000, 000 m 10 years. To do this, they want to set aside a portion of their salaries and contribute monthly for their retirement funds. How much 'should they contribute per month if they have a chance to invest in an annuity that earns 5% compounded quarterlyStep by Step Solution
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