2. ABC bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank at the end of 5 years if he deposits P3,000 every month?
2. ABC bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank at the end of 5 years if he deposits P3,000 every month?
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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General Mathetamics - General Annuity
Transcribed Image Text:What's more..
Answer as indicated. Write your answers in a separate sheet of paper.
1. Which Offer has a better Fair Market Value?
Company A offers P150,000 at the end of 3 years plus P300,000 at the end
of 5 years. Company B offers P25,000 at the end of each quarter for the
next 5 years. Assume that money is worth 8% compounded annually.
COMPANY A
COMPANY B
P150,000 at the end of 3 years
P300,000 at the end of 5 years
P25,000 at the end of each
quarter for 5 years
2. ABC bank pays interest at the rate of 2% compounded quarterly. How
much will Ken have in the bank at the end of 5 years if he deposits
P3,000 every month?
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