COLLABORATION ACTIVITY 2 (PAIR 2)

Transcript

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COLLABORATION ACTIVITY #2 CORRAL & MELGAR (PAIR 2)

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QUESTIONS

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1-What is the compound amount of P35,000 invested at 24% interest compounded monthly for 15 months?

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3- If a certain principal is doubled in 16 years, what is the interest rate compounded quarterly at which it is invested?

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SOLUTION TO #1

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GIVEN: P = 35,000 j = 24% m = 12 t = 1.25 years F = ?

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The Compound Amount is Php 47, 105.45.

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SOLUTION TO #3

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GIVEN: P = x F = 2x t = 16 m = 4 i = ?

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The interest rate is 1.08%.

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