Compute the interest for an amount of P200,000 for a period of 8 years if was made at 16% compounded every 2 months?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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bartleby = 3 max questions

1. Compute the interest for an amount of P200,000 for a period of 8 years if was made at 16%
compounded every 2 months?

2. Which has the least effective rate of interest
a. 11% compounded monthly
b. 11.2 % compounded quarterly

3. Find the nominal rate of 22% compounded every 3 months.

1. Compute the interest for an amount of P200,000 for a period of 8 years if was made at 16%
compounded every 2 months?
2. Which has the least effective rate of interest
a. 11% compounded monthly
b. 11.2 % compounded quarterly
3. Find the nominal rate of 22% compounded every 3 months.
Transcribed Image Text:1. Compute the interest for an amount of P200,000 for a period of 8 years if was made at 16% compounded every 2 months? 2. Which has the least effective rate of interest a. 11% compounded monthly b. 11.2 % compounded quarterly 3. Find the nominal rate of 22% compounded every 3 months.
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