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In order to buy a new gadget, Maria decided to borrow Php 5 000 at an annual simple interest rate of 5%. After two years, how much interest does she need to pay?
When invested at an annual interest rate of 7%, the amount earned Php11 200 of simple interest in two years. How much money was originally invested?
As preparation for John's college studies, his parents want to save an amount of Php 200 000 after 3 years. If they decide to deposit in a bank offering an annual simple interest rate of 2.5%, how much do they need to deposit now?
Jose deposited Php 1000 today in a bank providing 3% simple interest per year. He wants to have savings worth Php 450 in the future. If he will not withdraw any amount. how long must he wait?
What is the present value of Php25 000 due in 5 years if money is worth 10% compounded annually?
How much money should you save in a bank that pays 1.5% compounded annually so that you will have Php100 000 after 4 years?
Mr Cruz invested Php 150 000 at 10% compounded annually. He plans to get this amount after 4 years for his son's college education. How much will he get?
Mrs Cruz wants to have her investment to grow to Php400 000 in 5 years. How much should she invest in an account that pays 5% compounded annually?
A time deposit account in a bank yields 5.5% compound interest annually. Alice invested Php350 000 for 4 years in this savings account. How much interest will she gain?
Find the future value and the interest if Php5 000 is invested at 5% compounded annually for 3 years?
Find the future value and the interest if Php5 000 is invested at 5% compounded semi- annually for 3 years?
Find the future value and the interest of Php2 000 after one year at 3% interest rate compounded. With its designated interest
a. quarterly
b. Monthly
c. Daily
To have a capital for a small food business, Jane borrowed Php 10 000 at 2% interest rate compounded quarterly. How much does Jane need to pay after 2 years?
Find the present value of Php 2 000 after
4 years at 10% interest rate compounded
a. semi-annually
b. quarterly
monthly
How much Karen should invest in a fund earning 10% compounded quarterly if she wants to accumulate Php200 000 in 5 years?
How long will it take Php1 000 to earn Php300 if the annual interest rate is 12% compounded semi- annually?
At what interest rate compounded quarterly will Php10 000 accumulate Php20 '000 in 10 years?
Suppose Karen would like to save Php3,000 at the end of every month in a fund that gives 9% compounded monthly. How much is the amount of future value of her savings after 6 months?
Suppose you deposit Php1,000 at the end of every month for 2 years in a bank account providing 5% annual interest compounded monthly. What is the worth of your account at the end of 2 years?
Suppose Karen would like to know the present value of her monthly deposit of Php3,000 when interest is 9% compounded monthly. How much is the present value of her savings at the end of 6 months?
Find the present value of the ff annuities:
a. An ordinary annuity with regular quarterly payments worth Php1,000 at 3% annual interest rate compounded quarterly at the end of 4 years.
Find the present value of the ff annuities: b. An ordinary annuity with regular monthly payments worth Php2,500 at 6% annual interest rate compounded monthly at the end of I and a half year.
Karen borrowed Php100 000. She agrees to pay the principal plus interest by paying an equal amount of money each year for 3 years. What should be her annual payment if interest is 8% compounded annually?
Ken borrowed Php200,000 payable in 2 years. To repay the loan, he must pay an amount every month with an interest rate of 6% compounded monthly. How much should he pay every month?
