NEW
Font size
WorksheetsModule 5 Exercise 4
Total questions: 10
Worksheet time: 12mins
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REFER TO THIS PROBLEM: Leo wants to set up an account where P40,000 can be withdrawn every 6 months for the next 5 years.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REFER TO THIS PROBLEM: Leo wants to set up an account where P40,000 can be withdrawn every 6 months for the next 5 years.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REFER TO THIS PROBLEM: Leo wants to set up an account where P40,000 can be withdrawn every 6 months for the next 5 years.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SOLVE THIS PROBLEM: Leo wants to set up an account where P40,000 can be withdrawn every 6 months for the next 5 years.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
