Module 5 Exercise 4

Simple or General?

Jean decided to get a life insurance. For this, she has to give payments of P36,000 every six months for 12 years. The conversion rate is 9.5% compounded semiannually.

• Simple

• General

Simple or General?

Suppose you deposit P500 in a savings account every month for 3 years. If the interest rate is 8% per annum converted semiannually, how much will be in the account at the end of 3 years?

• Simple

• General

REFER TO THIS PROBLEM: In a savings account crediting 3.5% annual interest rate compounded quarterly, P1,000 is deposited at the end of each month for 5 years. What is the accumulated value of the account?

What is R?

• 3.5

• 1,000

• 5

• 4

REFER TO THIS PROBLEM: In a savings account crediting 3.5% annual interest rate compounded quarterly, P1,000 is deposited at the end of each month for 5 years. What is the accumulated value of the account?

What is p?

• 20

• 12

• 5

• 4

REFER TO THIS PROBLEM: In a savings account crediting 3.5% annual interest rate compounded quarterly, P1,000 is deposited at the end of each month for 5 years. What is the accumulated value of the account?

What is c?

• 1/3

• 3

• 1

• 2/3

SOLVE THIS PROBLEM: In a savings account crediting 3.5% annual interest rate compounded quarterly, P1,000 is deposited at the end of each month for 5 years. What is the accumulated value of the account?

• P65,449.33

• P54,983.74

• P44,739.76

• P51,431.64

REFER TO THIS PROBLEM: Leo wants to set up an account where P40,000 can be withdrawn every 6 months for the next 5 years. How much should he deposit into the account at 1.2% interest rate compounded every 3 months?

What is t?

• 5

• 6

• 2

• 3

REFER TO THIS PROBLEM: Leo wants to set up an account where P40,000 can be withdrawn every 6 months for the next 5 years. How much should he deposit into the account at 1.2% interest rate compounded every 3 months?

What is r?

• 0.012

• 0.003

• 0.004

• 0.023

REFER TO THIS PROBLEM: Leo wants to set up an account where P40,000 can be withdrawn every 6 months for the next 5 years. How much should he deposit into the account at 1.2% interest rate compounded every 3 months?

What is i?

• 0.006009

• 0.008016

• 0.001998

• 0.001499

SOLVE THIS PROBLEM: Leo wants to set up an account where P40,000 can be withdrawn every 6 months for the next 5 years. How much should he deposit into the account at 1.2% interest rate compounded every 3 months?

• P387,091.85

• P410,991.35

• P196,444.55

• P202,418.09