6. What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly?

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 29PS: What rate of interest to the nearest hundredth of percent is needed so that an investment of 2500...
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6. What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly?
7. What is the present value of P75,000 due in 3 years and 9 months if money is worth 10%
compounded quarterly?
8. What is the effective rate equivalent to 17% compounded quarterly?
Transcribed Image Text:6. What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly? 7. What is the present value of P75,000 due in 3 years and 9 months if money is worth 10% compounded quarterly? 8. What is the effective rate equivalent to 17% compounded quarterly?
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