Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Transcribed Image Text:6. In order to have P350,000 in 5 years, how much should you invest if the
compound interest is 12% per annum?
7. Peter borrowed P100,000 at 8% compounded annually? How much will he be
paying after 2 years?
8. How much money must be invested to obtain an amount of P250,000 in 3
years
if money earns at 12.5% compounded annually?
9. A time deposit account in a bank yields 5.5% compound interest annually.
Jennifer invested P450,000 for 4 years in this savings account. How much
interest will she gain?
10. What amount must be deposited by a student in a bank that pays 3 %
compounded annually so that after 12 years he will have P150,000?
17
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