Reference no: EM132664487
Problem 1: If I would invest P460,000 in a bank giving an interest rate of 14% on January 1, 2014, how much would have in such account on December 31, 2020, if such bank has the policy of compounding interest four times a year?
a) P 695,092.00 c) P 1,050,331.00
b) P 1,205,279.00 d) P 1,009,687.00
Problem 2: What is the future value of a P300,000 single payment, compounded quarterly at 16% for 4 years?
a) P 561,894.00 c) P 584,370.00
b) P 364,996.00 d) P 543,192.00
Problem 3: What is the present value of a P800,000 single payment, compounded quarterly at 4% for 1 year ?
a) P 546,411.00 c) P 625,348.00
b) P 601,052.00 d) P 768,784.00
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