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You are a new accounts clerk in Lucena Metropolitan Bank where you met Mr. and Mrs. Smith who are planning for the education of their children in the future. You introduce to them the advantage of time deposit having the following features: Option A: 1.10% interest annually in 3 years, Option B: 1.25% interest annually in 5 years Option C: 1.75% interest annually in 8 years The couple has an initial amount of P50,000 to be deposited. To help the couple in deciding the terms of their investment make a proposal by completing the table below. PROPOSAL PRINCIPAL TIME RATE INTEREST AMOUNT P50,000 P50,000 P50,000

You are a new accounts clerk in Lucena Metropolitan Bank where you met Mr. and Mrs. Smith who are planning for the education of their children in the future. You introduce to them the advantage of time deposit having the following features: Option A: 1.10% interest annually in 3 years, Option B: 1.25% interest annually in 5 years Option C: 1.75% interest annually in 8 years The couple has an initial amount of P50,000 to be deposited. To help the couple in deciding the terms of their investment make a proposal by completing the table below. PROPOSAL PRINCIPAL TIME RATE INTEREST AMOUNT P50,000 P50,000 P50,000

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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What I Can Do Money Matters Read and analyze the situation below, then answer the question that follows. You are a new accounts clerk in Lucena Metropolitan Bank where you met Mr. and Mrs. Smith who are planning for the education of their children in the future. You introduce to them the advantage of time deposit having the following features: Option A: 1.10% interest annually in 3 years, Option B: 1.25% interest annually in 5 years Option C: 1.75% interest annually in 8 years The couple has an initial amount of P50,000 to be deposited. To help the couple in deciding the terms of their investment make a proposal by completing the table below. PROPOSAL PRINCIPAL TIME RATE INTEREST AMOUNT P50,000 P50,000 P50,000 Aside from the amount to be yielded at the end of each term what are the other factors that you can consider? List down the possible questions that you will ask to the couple to determine those factors. Is there any disadvantage in choosing each term? What are those? What advice or tips can be given the couple in choosing the term of interest?
Transcribed Image Text:What I Can Do Money Matters Read and analyze the situation below, then answer the question that follows. You are a new accounts clerk in Lucena Metropolitan Bank where you met Mr. and Mrs. Smith who are planning for the education of their children in the future. You introduce to them the advantage of time deposit having the following features: Option A: 1.10% interest annually in 3 years, Option B: 1.25% interest annually in 5 years Option C: 1.75% interest annually in 8 years The couple has an initial amount of P50,000 to be deposited. To help the couple in deciding the terms of their investment make a proposal by completing the table below. PROPOSAL PRINCIPAL TIME RATE INTEREST AMOUNT P50,000 P50,000 P50,000 Aside from the amount to be yielded at the end of each term what are the other factors that you can consider? List down the possible questions that you will ask to the couple to determine those factors. Is there any disadvantage in choosing each term? What are those? What advice or tips can be given the couple in choosing the term of interest?
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