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Problem 1: If P100,000 is placed in an account that earns a nominal 4%, compounded quarterly, what will it be worth in 5 years?
A. P105,100
B. P117,480
C. P120,900
D. P122,020
E. P135,410
Problem 2: Bill plans to deposit P200 into a bank account at the end of every month. The bank account has a nominal interest rate of 8% and interest is compounded monthly. How much will Bill have in the account at the end of 2½ years?
A. P502.50
B. P 5,232.43
C. P6,594.88
D. P6,617.77
E. P22,656.74
What is the future value of $3000 invested for 5 years, if the interest rate is 7% p.a., compounding quarterly? What is the future value of $5000 invested
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