What are the amounts of interest and maturity value of a loan for Php 150,000at 5% simple interest for 3 years? At what simple interest rate per annum will Php 25,000accumulate to Php 33,000 in 5 years? How long will Php 40,000 amount to Php 51,200if the simple interest rate is at 12% per annum? In order to have Php 200,000in 3 years, how much should you invest if the simple interest is 5%
What are the amounts of interest and maturity value of a loan for Php 150,000at 5% simple interest for 3 years? At what simple interest rate per annum will Php 25,000accumulate to Php 33,000 in 5 years? How long will Php 40,000 amount to Php 51,200if the simple interest rate is at 12% per annum? In order to have Php 200,000in 3 years, how much should you invest if the simple interest is 5%
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 19E: Present Values Krista Kellman has an opportunity to purchase a government security that will pay...
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Problem Set 3 - Part 2
Directions: Solve the following problems on simple interest.
- What are the amounts of interest and maturity value of a loan for Php 150,000at 5% simple interest for 3 years?
- At what simple interest rate per annum will Php 25,000accumulate to Php 33,000 in 5 years?
- How long will Php 40,000 amount to Php 51,200if the simple interest rate is at 12% per annum?
- In order to have Php 200,000in 3 years, how much should you invest if the simple interest is 5%?
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