Answer the following questions correctly and show your Solution.A to C. Juan Dela Cruz wants to invest an amount of Php 36,912.00 for 6 years at an interest rate of 8 ½ % compounded annually a. Find the maturity value (F). b. Find the compound interest c. Ricky borrowed Php 25, 000.00 and paid Php 1, 250.00 for 6 months. What was the rate of interest ?

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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Answer the following questions correctly and show your Solution.A to C.

Juan Dela Cruz wants to invest an amount of Php 36,912.00 for 6 years at an interest rate of 8 ½ % compounded annually

a. Find the maturity value (F).
b. Find the compound interest
c. Ricky borrowed Php 25, 000.00 and paid Php 1, 250.00 for 6 months. What was the rate of interest ?

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