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What is the present value of 50, 000 pesos due in 7 years if money is worth 10% compounded annually? In a certain bank, Angel

  1. What is the present value of 50, 000 pesos due in 7 years if money is worth 10% compounded annually?
  2. In a certain bank, Angel invested 88, 000 pesos in a time deposit that pays 0.5% compound interest in a year. How will be her money after 6 years?
  3. What is the amount of interest of a loan 20, 000 at 6% compound interest for 3 years.

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