Professional Documents
Culture Documents
Examples:
1. Ferdinand wants to have P85,000 in his account by
the end of 3 years. How much should he invest
today in a bank that pays 9% compounded
monthly?
2. Find the present value of P80,000 at the end of 8
years if interest is computed at 14% compounded
semi-annually.
Activity
Principal Time Rate Amount
25,000 4 years 12%; 1.)
Quarterly
2.) 1 year 18%; semi- 90,000
annually
3.) 10 years 15%; 145,000
monthly
45,000 3 years 8%; 4.)
annually