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How much is the interest earned in an account

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-How much is the interest earned in an account by the end of 5 years if P100,000 is deposited today and interest is 4% per year, compounded annually?

-How much will be in an account at the end of five years the amount deposited today is P10,000 and interest is 8% per year, compounded semi-annually?

-What is the balance in an account at the end of 10 years if P2,500 is deposited today and the account earns 4% interest, compounded quarterly?

-How much should you deposit today in order to received P55.16 at the end of 35 years that pays 5% interest, compounded annually?

-Suppose you want to have P500,000 saved by the time you reach age 30 and suppose that you are 20 years old today. If you can earn 5% on your funds, how much would you have to invest today to reach your goal?

Reference no: EM133016573

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