B. Solve for the following: 17. What monthly payment discounted at 9.6% compounded monthly will have a current value of P840,000 if the payments run for 15 years? 18. Calculate the amount that must be invested semiannually at 8.6% compounded semiannually in order to accumulate P1,300,000 after 20 years? 19. How long will it take to pay off P436,000 loan with monthly payments of P16,780, if the interest rate on the loan is 15.6% compounded monthly? 20. If regular monthly deposits of P3,850 in a savings account amounted to P105,000 after 2 years, what interest rate compounded monthly was paid on the account?

B. Solve for the following: 17. What monthly payment discounted at 9.6% compounded monthly will have a current value of P840,000 if the payments run for 15 years? 18. Calculate the amount that must be invested semiannually at 8.6% compounded semiannually in order to accumulate P1,300,000 after 20 years? 19. How long will it take to pay off P436,000 loan with monthly payments of P16,780, if the interest rate on the loan is 15.6% compounded monthly? 20. If regular monthly deposits of P3,850 in a savings account amounted to P105,000 after 2 years, what interest rate compounded monthly was paid on the account?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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