How much should be deposited in an account every 6 months in order to have Php 3.75 million in 5 years? Money accumulates at 8% compounded semiannually. C. Php 213,341.04 D. Php 312,341.04 A. Php 123,456.78 B. Php 312,123.56

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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How much should be deposited in an account every 6 months in order to
have Php 3.75 million in 5 years? Money accumulates at 8%
compounded semiannually.
C. Php 213,341.04
D. Php 312,341.04
A. Php 123,456.78
B. Php 312,123.56
Transcribed Image Text:How much should be deposited in an account every 6 months in order to have Php 3.75 million in 5 years? Money accumulates at 8% compounded semiannually. C. Php 213,341.04 D. Php 312,341.04 A. Php 123,456.78 B. Php 312,123.56
An ordinary annuity payable quarterly at 13% compounded every
quarter for 5 years and 9 months has a present value of Php 275,000.
How much is the quarterly payment?
A. Php 17,161.53
C. Php 19,161.53
B. Php 18,161.53
D. Php 20,161.53
Transcribed Image Text:An ordinary annuity payable quarterly at 13% compounded every quarter for 5 years and 9 months has a present value of Php 275,000. How much is the quarterly payment? A. Php 17,161.53 C. Php 19,161.53 B. Php 18,161.53 D. Php 20,161.53
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