MAT152 FINAL QUIZ_SETC

Instruction: Answer the following problems. Send your complete solutions. You may use our
time in answering this test. Have a strong faith that you did the quiz on your own. I didn’t see
you but someone above sees everything. God bless!

I. Find the (a)maturity value(5pts) and (b) the compound interest(2pts) of Php 10,000
compounded annually at an interest rate of 2% in 5 years.
II. Suppose your father deposited in your bank account Php 10, 000 at an annual
interest rate of 0.05% compounded yearly when you graduate from kindergarten and
did not get the amount until you finish Grade 12. How much will you have in your
bank account after 12 years? (5pts)
III. Show the complete solutions of Stephanie’s amortization table in Lesson 17 (Open
your module) from period 6 to period 10. Indicate the givens in the problem. (5pts)
IV. An amount is compounded quarterly for 5 years at 12 % annual rate. Find the
periodic rate. (3 points)

BONUS QUESTION: Complete the table below (4PTS)

Annua Term of Interest Principal Periodi Numbe Compoun Compound
l rate investmen Period (P) c Rate r of d Amount Interest (I )
( j) t (t) (i) periods (F)
(n)

16 % 6 years Quarterly 0.04 24 25 633.04 15 633.04

15 % 10 years Semiannuall 1 000 000 0.075 20 3 247 851.10

y

12 % 6 months Monthly 20 000 0.01 6 21 230.40

8% 1 year Quarterly 15 000 4 16 236.48 1 236.48

6% 2 years Bimonthly 7 500 0.01 12 8 451.19 951.19

“may you receive a sign this week that puts your mind at ease and fills your heart with hope.”