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(4) An investment of P 100,000 is to be used to make payments of P 4,000 at the end of each quarter for as long as possible. If the rate of interest is 5% convertible quarterly, find: (a) the number of regular payments the fund will make, and number of days from the last payment to the exact date using exact time, assuming leap year on the last payment (b) the size of the smaller final payment if the payment will be made in addition to the last regular payment,

(4) An investment of P 100,000 is to be used to make payments of P 4,000 at the end of each quarter for as long as possible. If the rate of interest is 5% convertible quarterly, find: (a) the number of regular payments the fund will make, and number of days from the last payment to the exact date using exact time, assuming leap year on the last payment (b) the size of the smaller final payment if the payment will be made in addition to the last regular payment,

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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(4) An investment of P 100,000 is to be used to make payments of P 4,000 at the end of each quarter for as long as possible. If the rate of interest is 5% convertible quarterly, find: (a) the number of regular payments the fund will make, and number of days from the last payment to the exact date using exact time, assuming leap year on the last payment (b) the size of the smaller final payment if the payment will be made in addition to the last regular payment, (c) the size of the smaller final payment if the payment will be made one quarter after the last regular payment. (d) the size of the smaller final payment if the payment is to be made during the quarter following the last regular payment.
Transcribed Image Text:(4) An investment of P 100,000 is to be used to make payments of P 4,000 at the end of each quarter for as long as possible. If the rate of interest is 5% convertible quarterly, find: (a) the number of regular payments the fund will make, and number of days from the last payment to the exact date using exact time, assuming leap year on the last payment (b) the size of the smaller final payment if the payment will be made in addition to the last regular payment, (c) the size of the smaller final payment if the payment will be made one quarter after the last regular payment. (d) the size of the smaller final payment if the payment is to be made during the quarter following the last regular payment.
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