The present value interest factor of a semiannual ordinary annuity for 3 years at 8% equals: * O [1/(1.04) + 1/(1.04)2 + 1/(1.04)3] O (1/(1.08) + 1/(1.08)2 + 1/(1.08)3 +1/(1.08)4 + 1/(1.08)5 + 1/(1.08)6] O [1/(1.04) + 1/(1.04)2 + 1/(1.04)3 + 1/(1.04)4 + 1/(1.04)5 + 1/(1.04)6] O (1/(1.08) + 1/(1.08)2 + 1/(1.08)3] None of the above.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
![The present value interest factor of a semiannual ordinary annuity for 3 years at
8% equals: *
O [1/(1.04) + 1/(1.04)2 + 1/(1.04)3]
O (1/(1.08) + 1/(1.08)2 + 1/(1.08)3 +1/(1.08)4 + 1/(1.08)5 + 1/(1.08)6]
O [1/(1.04) + 1/(1.04)2 + 1/(1.04)3 + 1/(1.04)4 + 1/(1.04)5 + 1/(1.04)6]
O (1/(1.08) + 1/(1.08)2 + 1/(1.08)3]
None of the above.
To save for her newborn son's college education, Lea Wilson will invest P1,000 at
the beginning of each year for the next 18 years. The interest rate is 12 percent.
What is the future value? *
55,750.
O 7,690
34,931.
63,440.
62,440.
Mr. Wise is creating a college investment fund for his daughter. He will put in
P850 per year for the next 15 years and expects to earn an 8% annual rate of
return. How much money will his daughter have when she starts college? *
P12,750
P23,079
P11,250
P24,003
P12,263](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2bb33ed9-97c8-48eb-baeb-e010fd1b8c78%2F83ef77e4-4cd8-4876-bb82-e74188639c72%2F1ii9wj9_processed.png&w=3840&q=75)
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