LET’S CHECK YOUR PROGRESS

General Directions: Write your answer on a separate sheet of paper. Remember to write
your name, section, and lesson on the top left portion of your paper. (Total of 78 pts)

1. How many days are there from March 2, 2021 to June 5, 2021 using (a) actual time,
and (b) approximate time? (2pts each correct answer, 1pt for incorrect)

2. If Mark wants to invest his 25,000php, how many years will it take for his savings to
be 40,000php if he invested his savings to a financial institution that provides a
simple interest rate is 4% per year? (5 pts correct, 3 pts incorrect)

3. If the principal invested by Anika is 50,000php and the interest rate given by Peso
Financial Inc. is 2.5% compounded quarterly, how much did she earn at the end
of 5 years? (5 pts correct, 3 pts incorrect)

4. Monica wants to have 45,000php in 2 years to buy a new computer. How much
money should she invest today in a fund that earns 5% compounded quarterly to
get this amount after 2 years? (5 pts correct, 3 pts incorrect)

5. When will 80,000 grow to P95,000 if it is invested at 5% compounded annually?

(5 pts correct, 3 pts incorrect)

6. What is the future value of an amount of 2,000.00php that is deposited at the end
of every year for 5 years at 9% per year compounded annually? (5 pts correct, 3
pts incorrect)

7. Rick borrows 20,000.00php from a cooperative to buy a cellphone. He will repay

the loan in equal payments over 1 ½ years at the end of each month and he is
charged 10% interest compounded monthly.
(a) How much is Rick’s monthly payment? (5 pts correct, 3 pts incorrect)
(b) Create an amortization schedule for Rick’s debt. (10 pts correct, 7 pts
incorrect)

8. A television set was purchased at 5,000.00php down payment and 1,000.00php at

the end of each month for 3 years. If the money is worth 10% compounded
quarterly, what is the cash value of the set? (5 pts correct, 3 pts incorrect)

9. In order to save 50,000.00php at the end of two years, what equal investments at
the end of each month must be made if the money is worth 4% compounded
quarterly? (5 pts correct, 3 pts incorrect)
 10. Find the total cost of stock by completing the table.

No. of Stock Market Price Broker’s Total Cost

Shares Commission
a. 98 Beiter Corporation 93.50php 458.15php 3 pts correct, 1
pts incorrect
b. 450 Hoyt Industries Inc. 87.00php 1,957.50php 3 pts correct, 1
pts incorrect

11. Use the stock table below to answer the following questions: (2pts each correct
answer, 1pt for incorrect)
a. What were the high and low prices of DMPL for the past 52 weeks?
b. How many shares of the company’s stock were sold yesterday?
c. What were the high and low prices for a share yesterday?
d. What is the stock’s price when the stock exchange closed yesterday?

52-WK- 52-WK- STOCK OPEN HIGH LOW CLOSE VOLUME

HIGH LOW
21.72 11.96 Del Monte Pacific 12.8 12.8 12.54 12.8 82,106,200
Limited (DMPL)

12. A 200,000.00php bond paying interest at 8.5% was bought at 160,000.00php plus
200.00php commission. What is the rate of income of the investment? (5 pts
correct, 3 pts incorrect)

13. Ms. Seo bought two hundred 1,500.00php Samsan Tech bonds at 98 plus 15.00php
commission per bond through a broker. How much is Ms. Seo’s total investment?
(5 pts correct, 3 pts incorrect)