Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pls Answer numbers 10-15 with solutions 10. How much will Kanye receive after 6 years if he invested P15.250 for 5 years in a bank
Pls Answer numbers 10-15 with solutions
10. How much will Kanye receive after 6 years if he invested P15.250 for 5 years in a bank that pays 5% compounded semiannually? 11. Find the compound interest earned at the end of 15 months if P250,000 is invested in a fund that pays 13% compounded quarterly, 12. What is the present value of P105,000 due in 6 years and 6 months if the rate is 15% compounded semiannually? 13. At what nominal rate converted quarterly was P250,000 invested if it earns an interest of P12.500 in 9 years? 14. Find the total number of conversion periods needed in order for a principal of P4.500 to amount to P6,320 it it is invested at 5% interest rate compounded monthly 15. What nominal rate compounded quarterly is equivalent to 12% effective rateStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started