If I invested P300,000 last March 20, 2020 in a financial instrument that pays 8% per annum rate and was redeemed last January 9, 2021, how much will be the proceeds of the redemption using the following: Exact interest at approximate time Exact interest at actual time Ordinary interest at approximate time Ordinary interest at actual time
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- If I invested P300,000 last March 20, 2020 in a financial instrument that pays 8% per annum rate and was redeemed last January 9, 2021, how much will be the proceeds of the redemption using the following:
- Exact interest at approximate time
- Exact interest at actual time
- Ordinary interest at approximate time
- Ordinary interest at actual time
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what do you mean by proceeds in this question? is it only the interest calculated or the matured value also?
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- Assume that a deposit made on January 1, 2020, earns 6% interest. The deposit plus interest accumulated to $50,000 on January 1, 2026. How much was invested on January 1, 2020, if interest was compounded annually? N (period of time) I (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Assume that a deposit made on January 1, 2020, earns 6% interest. The deposit plus interest accumulated to $50,000 on January 1, 2026. How much was invested on January 1, 2020, if interest was compounded semi-annually? N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Page 1 Assume that a deposit made on January 1, 2020, earns 6% interest. The deposit plus interest accumulated to $50,000 on January 1, 2026. How much was invested on January 1, 2020, if interest was |compounded quarterly? N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) 2 In each of the three scenarios the PV should continue to decrease. Explain why this passes the…Compute the amount of interest on $8350 at 6.5% p.a. from October 8, 2019, to August 4, 2020. What rate of interest is paid if the interest on a loan of $12500 is $196.06 from November 14, 2019, to May 20, 2020? Loan payments of $1725 due today, $510 due in 75 days, and $655 due in 323 days are to be combined into a single payment to be made 115 days from now. What is that single payment if money is worth 8.5% p.a. and the focal date is 115 days from now? What principal will earn $355.99 interest at 9.75% p.a. from February 4, 2017, to July 6, 2017? Determine the face value of a four-month promissory note dated May 20, 2018, with interest at 7.5% p.a. if the maturity value of the note is $1190.03. A Company sells locks for $10 each. Manufacturing cost is $2.60 per lock; marketing costs are $2.40 per lock; and royalty payments are 20% of the selling price. The fixed cost of preparing the lock is $18 000. Capacity is 15,000 locks. Compute the contribution…What is the exact simple interest earned on P 35, 000 for the period from April 3, 2020 to October 14, 2020, if the interest rate is 18%?
- Which of the following is the most advantageous for a debtor if he borrowed P15, 000 at 6% from March 15, 2020 to December 20, 2020.? А Exact Interest at Approximate Time В Exact Interest at Actual Time Ordinary Interest at Approximate Time Ordinary Interest at Actual TimeWhich of the following is the most advantageous for a debtor if he borrowed P15, 000 at 6% from March 15, 2020 to December 20, 2020.? A Ordinary Interest at Actual Time (B) Exact Interest at Actual Time Ordinary Interest at Approximate Time D Exact Interest at Approximate TimeDetermine the exact and ordinary simple interest on 100,000.00 borrowed at 12% interest rate from July 2020 to April 2024. Answers: Io = 47,000.00 ; Ie = ₱ 45,994.52
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