1. Suppose Kay inherits $250,000, which she invests today at a rate of return of 9 percent compounded annually. How much will Kay's investment be worth in 25 years? 2. What amount should be paid on the maturity date to settle a one-hundred-twenty day loan dated March 19, 2013, if the present value is ₱15,600 at 13 27 % simple interest? 3. Pooh borrowed ₱10,620.00 from Dorah on October 30, 2015. He promised to repay it after four months, together with the interest at 8% simple interest rate. However, he was unable to repay the debt on time. When he settled his debt on April 16, 2016 he was required to 1038% on the unpaid amount for the time after the due date. How much did he pay?
1. Suppose Kay inherits $250,000, which she invests today at a
2. What amount should be paid on the maturity date to settle a one-hundred-twenty day loan dated March 19, 2013, if the present value is ₱15,600 at 13 27 % simple interest?
3. Pooh borrowed ₱10,620.00 from Dorah on October 30, 2015. He promised to repay it after four months, together with the interest at 8% simple interest rate. However, he was unable to repay the debt on time. When he settled his debt on April 16, 2016 he was required to 1038% on the unpaid amount for the time after the due date. How much did he pay?
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