Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer 3-5 thank you 1. If P245,000 is invested for 4 years compounded quarterly, at what rate was it invested if it accumulated to

please answer 3-5 thank you
image text in transcribed
1. If P245,000 is invested for 4 years compounded quarterly, at what rate was it invested if it accumulated to P300,000? 2. At what rate converted semi-annually will a given principal triple its value in 5 years? 3. Jeff borrowed P210,000 with interest at 12% compounded quarterly and agreed to pay P300,000 to settle this dept. For how long was the money borrowed? 4. On January 5, 2011, Jan deposited P15,000 in a fund paying interest at 11.5% compounded annually. On what date will her money double its value? 5. When will P15,000 amount to P35,500 if it is invested at 14% converted semi-annually

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

Risky Business Principles Of Auditing Property And Casualty Insurance

Authors: Seth A. Davis, CIA, CPA, CPCU, CFA, CISA

1st Edition

0894139711, 978-0894139710

More Books

Students also viewed these Accounting questions