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How much would you have to deposit today

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Question - How much would you have to deposit today to have P10,000 in five years at 6% interest compounded semiannually?

1. If you deposit P45,000 into an account earning 4% interest compounded quarterly, how much would you have in 5 years?

2. How much would you pay for an investment which will be worth P16,000 in three years? Assume interest is 5% compounded monthly?

3. If you double your money in 5 years, what interest rate did you earn?

4. If you triple your money in 10 years, what interest rate did you earn?

Reference no: EM132957287

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