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  • Quiz 2

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    Joel Pangisban
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    Kim Daganta deposited P10,000 into a bank account with an 8% annual interest rate. The summary calculates the value of the deposit after 3 years with interest compounded annually, semi-annually, and quarterly. It also calculates the deposit amounts needed to achieve a P40,000 balance in 1 year with a 12% interest rate compounded quarterly, semi-annually, and monthly. Finally, it calculates the interest rate on a P20,000 loan that has a balance of P33,779.20 after 4 years compounded annually, and the number of years for a P30,000 investment to reach P66,320.44 with 12% annual interest.

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    Kim Daganta deposited P10,000 into a bank account with an 8% annual interest rate. The summary calculates the value of the deposit after 3 years with interest compounded annually, semi-annually, and quarterly. It also calculates the deposit amounts needed to achieve a P40,000 balance in 1 year with a 12% interest rate compounded quarterly, semi-annually, and monthly. Finally, it calculates the interest rate on a P20,000 loan that has a balance of P33,779.20 after 4 years compounded annually, and the number of years for a P30,000 investment to reach P66,320.44 with 12% annual interest.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    10 views1 page

    Quiz 2

    Uploaded by

    Joel Pangisban
    Kim Daganta deposited P10,000 into a bank account with an 8% annual interest rate. The summary calculates the value of the deposit after 3 years with interest compounded annually, semi-annually, and quarterly. It also calculates the deposit amounts needed to achieve a P40,000 balance in 1 year with a 12% interest rate compounded quarterly, semi-annually, and monthly. Finally, it calculates the interest rate on a P20,000 loan that has a balance of P33,779.20 after 4 years compounded annually, and the number of years for a P30,000 investment to reach P66,320.44 with 12% annual interest.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Show Your Solution.

    Kim Daganta decided to Deposit A Lump Sum Amount of P10,000 in Gamos’ Bank with an Interest of 8%.
    What would be the Amount of Kim Daganta’s Deposit After 3 years if:

    1-2. It is Compounded Annually


    3-4. It is Compounded semi- annually
    5-6. It is Compounded Quarterly

    Rustom wants to have P40,000 in his investment account 1 year from now. How much does he have to
    deposit today to achieve her goal if she can earn 12 percent compounded:

    7-8. Quarterly
    9-10. Semi Annually
    11-12. Monthly

    13. Mamad Borrows 20,000 today and after 4 years she needs to pay a total Amount of P33,779.20.
    Compute for the interest rate if it is compounded annually

    14 After how many years does the investment of 30,000 today will give you a return of P66,320.44
    with an interest of 12% compounded annually.

    15. You have been offered a business opportunity that will pay you 35,428.93 compounding semi-
    annually in Three years if you invest P28,000 today. What is the expected rate of return on this
    investment?

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