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How much should you deposit today in order to received

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Problem 1: 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? (Round your final answer to the nearest whole number)

Problem 2: How much should you deposit today in order to received P55.16 at the end of 35 years that pays 5% interest, compounded annualy? (Round your final answer to the nearest whole number)

Problem 3: 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? (Round your final answer to the nearest whole number)

Reference no: EM132915659

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