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Solve the following problems with complete solution. Use sheets of paper.
1. Carmen invested P50 000 at 10 % simple interest for 9 months. Find the
interest and maturity value at the end of the term.
2. If Tina wants to earn 10% annual simple interest on an investment, how much
should she invest to have P30 000.00 in 18 months?
3. Mr. Alvarez will pay P20 000 at the end of each 6 months for 8 years for the
farm he bought. If money is worth 8% compounded annually, find the equivalent
cash price.
4. P50 000 will be invested in an account at the end of each year at 3%
compounded semi-annually. Find the size of the fund at the beginning of the
16th year.
5. What is the present value of a general annuity of p4 200 per quarter for 10
years if money is worth 9% compounded semi-annually?​


Sagot :

Answer:

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Step-by-step explanation:

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