Question
SHOW THE COMPLETE ANSWER AND BOX THE FINAL ANSWER. I NEED IT ASAP EXPERTS. PLEASE HELP 1. If you are to invest your money, which
SHOW THE COMPLETE ANSWER AND BOX THE FINAL ANSWER. I NEED IT ASAP EXPERTS. PLEASE HELP
1. If you are to invest your money, which is a better option: 12% compounded monthly, 12.15% compounded quarterly, 12.35% compounded semi-annually or 12.5% compounded annually? (10 pts) 2. A company expects to retire an existing machine at the end of 2028 and will replace it with a new machine for the same task at an estimated cost of P700,000. The old machine is expected to be sold for P50,000 when it is replaced. To provide for replacement, the company intends to deposit the following amounts in an account earning interest at 8% compounded quarterly: P200,000 at the end of 2022, P150,000 at the end of 2024 and P100,000 at the end of 2027. Does the company need to raise an additional amount to replace the machine at the end of 2028? If yes, state the additional amount needed. If no, determine the excess amount.
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