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    Em Lp
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    This document outlines a time deposit made with People's MPC on January 28, 2023 of 500,000 pesos for 720 days at a rate of 7% annually. The deposit and accumulated interest were rolled over every two years, with the interest earned each term. A second time deposit of the same amount and term was made with Landbank of the Philippines but at a lower annual interest rate of 1%.

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    This document outlines a time deposit made with People's MPC on January 28, 2023 of 500,000 pesos for 720 days at a rate of 7% annually. The deposit and accumulated interest were rolled over every two years, with the interest earned each term. A second time deposit of the same amount and term was made with Landbank of the Philippines but at a lower annual interest rate of 1%.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    6 views2 pages

    Sample TD

    Uploaded by

    Em Lp
    This document outlines a time deposit made with People's MPC on January 28, 2023 of 500,000 pesos for 720 days at a rate of 7% annually. The deposit and accumulated interest were rolled over every two years, with the interest earned each term. A second time deposit of the same amount and term was made with Landbank of the Philippines but at a lower annual interest rate of 1%.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    PEOPLE'S MPC

    TIME DEPOSIT
    DATE AMOUNT TERM RATE DUE DATE

    1/28/2023 500,000.00 720 DAYS 7% 1/17/2025 570,000.00


    1/18/2025 570,000.00 720 DAYS 7% 1/8/2027 649,800.00
    1/9/2027 649,800.00 720 DAYS 7% 12/29/2028 740,772.00
    12/30/2028 740,772.00 720 DAYS 7% 12/20/2030 844,480.08
    12/21/2030 844,480.08 720 DAYS 7% 12/10/2032 962,707.29

    LANDBANK OF THE PHILIPPINES

    1/28/2023 500,000.00 720 DAYS 1% 1/17/2025 506,850.00


    INTEREST
    EARNED

    2yrs lock-in 70,000.00


    Roll over for 2 yrs again 79,800.00
    Roll over for 2 yrs again 90,972.00
    Roll over for 2 yrs again 103,708.08
    Roll over for 2 yrs again 118,227.21

    2yrs lock-in 6,850.00

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