COMPOUND INTEREST PROBLEM 1. Find the present value of ₱6,800 due in 5 years if money is worth a. 12% compounded annually. b. 12% compounded semiannually. c. 12% compounded quarterly. d. 12% compounded monthly. 2. Find the present value of ₱12,000 due at the end of 41/2 years if money is invested at 18% converted semiannually. 3. A laptop computer was bought on installment basis: ₱10,000 down payment and the balance of ₱60,000 to be paid in 2 years. What is its cash value if the interest rate is 20% compounded quarterly?
1. Find the present value of ₱6,800 due in 5 years if money is worth
a. 12% compounded annually.
b. 12% compounded semiannually.
c. 12% compounded quarterly.
d. 12% compounded monthly.
2. Find the present value of ₱12,000 due at the end of 41/2 years if money is invested at 18% converted semiannually.
3. A laptop computer was bought on installment basis: ₱10,000 down payment and the balance of ₱60,000 to be paid in 2 years. What is its cash value if the interest rate is 20% compounded quarterly?
4. The buyer of an automobile pays a ₱150,000 down payment and the balance of ₱500,000 to be paid two years later. What is the cash price of the automobile if money is worth 12% converted annually?
5. If ₱13,000 is due on Dec. 2, 2013, find its present value on June 2, 2010 if money was invested at 10% compounded semiannually.
Step by step
Solved in 5 steps with 6 images
