B. COMPOUND INTEREST 7. Accumulate P15,000 for 10 years at 7% compounded (a) quarterly. (b) semi-annually. 8. Find the compound amount and interest on P10,200 for 4 years and 9 months at 6% compounded quarterly. 9. A man lends P15,000 at 5% simple interest for 5 years. At the end of the term he invests the entire amount (principal plus interest) at 4% compounded annually for 12 years. How much will he have at the end of the 17-year period? 10. In order to accumulate P20,000 on January 1, 2016, how much must be invested on January 1, 2011 at 6% compounded annually? 11. What is the present worth of two P200,000 payments at the end of the 14th and 15th year? The annual interest rate is 7%. % 12. If money is invested at / compounded quarterly, find the present value of P20,500 due at the end of 3 years and 9 months?

B. COMPOUND INTEREST 7. Accumulate P15,000 for 10 years at 7% compounded (a) quarterly. (b) semi-annually. 8. Find the compound amount and interest on P10,200 for 4 years and 9 months at 6% compounded quarterly. 9. A man lends P15,000 at 5% simple interest for 5 years. At the end of the term he invests the entire amount (principal plus interest) at 4% compounded annually for 12 years. How much will he have at the end of the 17-year period? 10. In order to accumulate P20,000 on January 1, 2016, how much must be invested on January 1, 2011 at 6% compounded annually? 11. What is the present worth of two P200,000 payments at the end of the 14th and 15th year? The annual interest rate is 7%. % 12. If money is invested at / compounded quarterly, find the present value of P20,500 due at the end of 3 years and 9 months?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 18E

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