12. Jim and his partners want to have Php4.2M in 3 years. They make semi-annual deposits in an account which pays interest at 7% compounded semi-annually. Find their semi-annual deposit.
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- Edison wants to have Php900,000 in 4 years. He makes semi-annual deposits in a savings account paying interest at 8% compounded semi-annually. Find the semi-annual deposit.Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8% compounded monthly. How much is the present value of his savings at the end of the 8th month? (A) 40,000 php B)28.733.19 php C)33,314.92 php D)38,826.19 phpRoland just put RM1,000 in the fixed deposit and intend to leave it there for10 years. If the bank pays him 16 percent semi-annually, compute the totalamount will Roland has at the end of year 10.
- 8 Kai has an interest only loan for $105,000.00 maturing in 6 years. The interest rate on the loan is 3.250% compounded semi-annually. He will repay the principle at maturity by making annual deposits into a sinking fund paying r(2) = 6.250%. How much are his annual depositsHui deposits $800 at the end of every 3 months in an RRSP that is earning 5.10% compounded semi-annually. For the RRSP to accumulate to $33,000, calculate the following: a. How many deposits will he have to make? b. How long will he have to make these deposits? (Years & Months)