Reference no: EM132532318

Question 1: Find the maturity value if Php 28,000 is invested at an annual rate of 6% simple interest for 5 years.

Question 2: How long will it take for PhP 100,000 to accumulate to PhP 107,900 at 5.2% simple interest, assuming no withdrawal is made?

Question 3: Find the compound amount for a PhP 40,000-loan due in 6 years at 10% compounded annually.

Question 4: Find the interest of the loan in item 10.

Question 5: How much will be in your savings account if you deposit PhP 5,000 at the end of every three months for 7 years? Assume the interest rate used is 6% compounded quarterly.

Question 6: Noel purchased a car and paid PhP 9,000 down payment. He agreed to pay PhP 5,500 at the end of every 6 months for 4 years to pay the remaining balance at the rate 4.8% compounded semi-annually. Find the amount of the balance.