Answer as indicated. You may use the back for your solutions. (5points each number)

SHOW YOUR SOLUTIONS.

1.Find the future value of an ordinary annuity with a regular payment of P1,000 at 5% compounded quarterly for 3 years.

2. Mikasa Ackerman would like to buy a television (TV) set payable for 6 months starting at the end of the month. How much is the cost of the TV set if her monthly payment is P3,000 and interest is 9% compounded semi-annually?

3. Find the present value of a 2-year deferred annuity at 4% interest compounded quarterly with payments of P1,000 made every quarter for 3 years.

asked by guest
on Nov 16, 2024 at 9:26 pm



Mathbot Says...

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