Module 5 Exercise 2

Accumulate Php10,000 at 3.5% compounded monthly for 2 years.

• Php10,723.99

• Php10,724.00

• Php10,355.67

• Php10,058.42

Find the future value of Php35,000 at 2.7% compounded quarterly for 7 years.

• Php35,594.61

• Php36,687.61

• Php38,893.57

• Php42,254.59

What is the maturity value of Php120,000 at 2.5% compounded semi-annually for 3 years?

• Php129,285.98

• Php126,126.40

• Php124,556.48

• Php123,018.75

Find the future value of an investment worth Php85,000 at 4% interest rate compounded continuously for 15 months.

Round off your answer to 2 decimal places.

Input in this format xxxxx.xx

By the end of 5 years, you paid Php123,992.80 in the bank. How much did you loan if the interest rate is 6.5% compounded annually?

• Php122,401.58

• Php116,238.30

• Php90,499.97

• Php108,968.76

By the end of 5 years, you paid Php123,992.80 in the bank. How much is the interest if the interest rate is 6.5% compounded annually?

• Php931.22

• Php7,754.50

• Php15,024.04

• Php33,492.83

You made an investment worth Php18,000 in a savings bank paying 3% compounded monthly. You withdraw all your investments and the interest which amounted to Php24,288.36.

Find i.

• 0.03

• 0.003

• 0.025

• 0.0025

You made an investment worth Php18,000 in a savings bank paying 3% compounded monthly. You withdraw all your investments and the interest which amounted to Php24,288.36.

Find n.

• 119.99

• 120.00

You made an investment worth Php18,000 in a savings bank paying 3% compounded monthly. You withdraw all your investments and the interest which amounted to Php24,288.36.

For how long did you invest your money?

(Round off to the nearest whole number)

How many years will it take for a deposit worth PhP57,000 to double in a savings bank paying 0.75% compounded semi-annually? (Round off your final answer to the nearest whole number)