Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Five hundred pesos (Php 500) is deposited monthly to an account earning 7%
compounded monthly.
a). What is the amount of the deposit after five years?
b). If the monthly deposit after two years is increased to Php 1,000 (coinciding with the
Php 500 monthly deposit), what is the amount of the deposit after five years?
c). Repeat part b of this question if the interest rate is 18% compounded monthly. answer it with solution
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- ou deposited some amount of money to the bank at the annual interest rate of 0,1% being compounded quarterly. How many years (approximately) it will take for the deposit to double?arrow_forwardAn investor is currently making a regular deposit of PHP 4,125.27 at the start of each period, to pay his debt of PHP 82,593.10. Assuming that the interest rate is 10.34% compounded semi-annually, what is the number of compounding periods of this annuity? Round your answer to two decimal placesarrow_forwardA bank account pays 5% annual interest compounded semiannually. How much money should be deposited in it now so that the account contains 10000 Rials at the end of 11 years? (Give your answer to the nearest Rial)arrow_forward
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