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please answer the following questions. i'll rate :) What equal payments should be invested at the beginning of each quarter at 10.4% compounded quarterly in
please answer the following questions. i'll rate :) What equal payments should be invested at the beginning of each quarter at 10.4% compounded quarterly in order to have Php350,000 in a fund years and 6 months from now? 1. What is the periodic rate? a 0.03467 b. 1.04 c. 0.026 d. 0.104 2. What equal payments should be invested at the beginning of each quarter? PROBLEM 2: The lottery offers the winner a choice between a Php14,300,000 cash prize or quarterly payments of Php205,000 beginning in three months and continuing for 20 years. What is the total of the annuity if money is worth 7.4% compounded quarterly? 1. What is the nominal rate? a7.4 0.0185 0.0.074 0.0.185 2. What is the total of the annuity if money is worth 74% compounded quarterly? PROBLEM 3: Lily is to claim her inheritance. She will receive a bimonthly payment of Php177,000 beginning today. If the bimonthly payment will be every two months for eight years and four months at 12% compounded bimonthly, what is the cash value of the inheritance? 1. What is the nominal rate? a 0.12 b. 006 c. 0.04 d. 0.02 2. What is the cash value of the inheritance
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