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Find the cash value of the lot

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Question -

1. Find the amount due at the end of 6 ¾ yrs if Php5,000 is invested at 12% compounded quarterly.

2. In buying a lot, Mrs. Sarmiento pays Php150,000 cash and agreed to pay Php15,000, three years later at 10% interest compounded monthly. Find the cash value of the lot.

3. What nominal rate compounded quarterly will double the amount pf Php30,000 in 9 years?

4. How long will it take for money to double itself at 5.5% compunded semi-annually?

Reference no: EM133172839

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