19. A man needs P500,000 in 5 years to start a business. How much money should he placed in a savings bank now that gives 12 % % compounded semiannually so that he can start a business? 20. On January 4,2009, Lhen borrowed P24,000 and promised to pay the principal and the interest at 12% compounded semiannually on July 4. 2014. How much will she repay?
19. A man needs P500,000 in 5 years to start a business. How much money should he placed in a savings bank now that gives 12 % % compounded semiannually so that he can start a business? 20. On January 4,2009, Lhen borrowed P24,000 and promised to pay the principal and the interest at 12% compounded semiannually on July 4. 2014. How much will she repay?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 34P
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Transcribed Image Text:19. A man needs P500,000 in 5 years to start a business. How
much money should he placed in a savings bank now that
gives 12 % % compounded semiannually so that he can
start a business?
20. On January 4,2009, Lhen borrowed P24,000 and promised
to pay the principal and the interest at 12% compounded
semiannually on July 4, 2014. How much will she repay?
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