What amount must be invested now in savings account

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Reference no: EM133105005

Question - Compound Interest

Q1. Millet wants to provide a P200,000 graduation gift for her daughter mae who is now 16 years old. she would like the fund to be available by the time her daughter is 20.She decides on an Investment that pays 10% compounded quarterly. How large must the deposit be?

Q2. What amount must be invested now in savings account earnings 9% compounded quarterly to accumulate a total of P21,000 after 4 ¾ years?

Q3. What will be the maturity value of P12,000 Invested for four (4) years at 15% compounded quarterly?

Q4. Determine the maturity value of P3,000 Invested at 9.5% compounded semi- annually for 3½ years.

Reference no: EM133105005

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