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A. Choose the letter of the correct answer and write it on the space provided. 1. To save for her high school graduation, Mary decided to save P200 at the end of each month. If the bank pays 0250 % compounded monthly, how much will be her money by the end of 6 years? A. P12,507.02 B. P13,507.02 2. How much should be invested in a fund each year paying 2% compounded annually to accumulate P100,000.00 for 5 years? A. P19,215.84 B. P20,215.84 C. P21,215.84 3. What is the present value of a semi-annual payments of P8,000 at the end each term for 12 years with interest rate of 12% compounded quarterly? A. P96,573.25 B. P97,573.25 4. A teacher saves P5,000 every 6 months in a bank that pays 0.25 % compounded monthly. How much will be her savings after 10 years? A. P101,197.06 B. P102,197.06 C. P14,507.02 D. P15,507.02 D. P22,215.84 C. P98,573.25 D. P99,573.25 C. P103,197.06 D. P104,197.06 5. What is the present value of P5,000 payable semi-annually for 10 years if money is worth 9% compounded annually? A. P64,589.25 B. P65,589.25 C. P66,589.25 D. P67,589.25

A. Choose the letter of the correct answer and write it on the space provided. 1. To save for her high school graduation, Mary decided to save P200 at the end of each month. If the bank pays 0250 % compounded monthly, how much will be her money by the end of 6 years? A. P12,507.02 B. P13,507.02 2. How much should be invested in a fund each year paying 2% compounded annually to accumulate P100,000.00 for 5 years? A. P19,215.84 B. P20,215.84 C. P21,215.84 3. What is the present value of a semi-annual payments of P8,000 at the end each term for 12 years with interest rate of 12% compounded quarterly? A. P96,573.25 B. P97,573.25 4. A teacher saves P5,000 every 6 months in a bank that pays 0.25 % compounded monthly. How much will be her savings after 10 years? A. P101,197.06 B. P102,197.06 C. P14,507.02 D. P15,507.02 D. P22,215.84 C. P98,573.25 D. P99,573.25 C. P103,197.06 D. P104,197.06 5. What is the present value of P5,000 payable semi-annually for 10 years if money is worth 9% compounded annually? A. P64,589.25 B. P65,589.25 C. P66,589.25 D. P67,589.25

Corporate Fin Focused Approach
Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section: Chapter Questions
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A. Choose the letter of the correct answer and write it on the space provided. 1. To save for her high school graduation, Mary decided to save P200 at the end of each month. If the bank pays 0250% compounded monthly, how much will be her money by the end of 6 years? A. P12,507.02 B. P13,507.02 2. How much should be invested in a fund each year paying 2% compounded annually to accumulate P100,000.00 for 5 years? A. P19,215.84 B. P20,215.84 3. What is the present value of a semi-annual payments of P8,000 at the end each term for 12 years with interest rate of 12% compounded quarterly? A. P96,573.25 4. A teacher saves P5,000 every 6 months in a bank that pays 0.25% compounded monthly. How much will be her savings after 10 years? A. P101,197.06 B. P102,197.06 5. What is the present value of P5,000 payable semi-annually for 10 years if money is worth 9% compounded annually? A. P64,589.25 C. P14,507.02 D. P15,507.02 C. P21,215.84 D. P22,215.84 B. P97,573.25 C. P98,573.25 D. P99,573.25 C. P103,197.06 D. P104,197.06 B. P65,589.25 C. P66,589.25 D. P67,589.25
Transcribed Image Text:A. Choose the letter of the correct answer and write it on the space provided. 1. To save for her high school graduation, Mary decided to save P200 at the end of each month. If the bank pays 0250% compounded monthly, how much will be her money by the end of 6 years? A. P12,507.02 B. P13,507.02 2. How much should be invested in a fund each year paying 2% compounded annually to accumulate P100,000.00 for 5 years? A. P19,215.84 B. P20,215.84 3. What is the present value of a semi-annual payments of P8,000 at the end each term for 12 years with interest rate of 12% compounded quarterly? A. P96,573.25 4. A teacher saves P5,000 every 6 months in a bank that pays 0.25% compounded monthly. How much will be her savings after 10 years? A. P101,197.06 B. P102,197.06 5. What is the present value of P5,000 payable semi-annually for 10 years if money is worth 9% compounded annually? A. P64,589.25 C. P14,507.02 D. P15,507.02 C. P21,215.84 D. P22,215.84 B. P97,573.25 C. P98,573.25 D. P99,573.25 C. P103,197.06 D. P104,197.06 B. P65,589.25 C. P66,589.25 D. P67,589.25
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