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you Php2,000,000 at the end of 20 years in a bank earning 2% interest compounded semi- annually, how much money shoule You invest today?

you Php2,000,000 at the end of 20 years in a bank earning 2% interest compounded semi- annually, how much money shoule You invest today?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 14P
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4.lf you want to receive Php2,000,000 at the end of 20 years in a bank earning 2% interest compounded semi- annually, how much money should you invest today? 5.Anna borrowed money from a bank charging 10% interest last January 12, 2020 and is due on June 12, 2020. If she paid Php5,500 at the end of the loan, what is the amount she borrowed considering ordinary simple interest? (Hint: How many months from January 12 to June12) 6.Mr. Jones loaned a house and lot worth Php3M from a commercial bank for 15 years at an interest rate of 12% compounded monthly. Solve for the monthly amortization of the loan.
Transcribed Image Text:4.lf you want to receive Php2,000,000 at the end of 20 years in a bank earning 2% interest compounded semi- annually, how much money should you invest today? 5.Anna borrowed money from a bank charging 10% interest last January 12, 2020 and is due on June 12, 2020. If she paid Php5,500 at the end of the loan, what is the amount she borrowed considering ordinary simple interest? (Hint: How many months from January 12 to June12) 6.Mr. Jones loaned a house and lot worth Php3M from a commercial bank for 15 years at an interest rate of 12% compounded monthly. Solve for the monthly amortization of the loan.
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