What's More Activity 2.1 Read each statement and answer the question that follows. 1. If P = P85,500, and r = 1.25% compounded monthly for 1 year, find the compound interest. What is the first component that should be computed? What formula will be used? How much is the maturity value?. How will you find the simple interest?. How much is the simple interest? 2. If F = P50,000 with the rate 1.5% compounded quarterly for 5 years find the present value and compound interest Which should be find first present value or compound interest? How are you going to express the rate in decimal?. What formula will you use in finding the present value? How much is the present value? How will you find the compound interest? How much is the compound interest?

What's More Activity 2.1 Read each statement and answer the question that follows. 1. If P = P85,500, and r = 1.25% compounded monthly for 1 year, find the compound interest. What is the first component that should be computed? What formula will be used? How much is the maturity value?. How will you find the simple interest?. How much is the simple interest? 2. If F = P50,000 with the rate 1.5% compounded quarterly for 5 years find the present value and compound interest Which should be find first present value or compound interest? How are you going to express the rate in decimal?. What formula will you use in finding the present value? How much is the present value? How will you find the compound interest? How much is the compound interest?

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter16: Interest, Rent, And Profit

Section: Chapter Questions

Problem 1WNG

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