What will be the future worth of money after 12 months, if the sum P25,000.00 is invested today at a simple interest rate of 1% per year? 12. If you borrowed P 10,000.00 from a bank with 8% interest per annum, what is the total amount to be repaid at the end of one year?

What will be the future worth of money after 12 months, if the sum P25,000.00 is invested today at a simple interest rate of 1% per year? 12. If you borrowed P 10,000.00 from a bank with 8% interest per annum, what is the total amount to be repaid at the end of one year?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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PLEASE ANSWER THESE 2 QUESTIONS. THANKYOU BARTLEBY.

11. What will be the future worth of money after 12 months, if the sum P25,000.00 is invested today at a simple interest rate of 1% per year?

12. If you borrowed P 10,000.00 from a bank with 8% interest per annum, what is the total amount to be repaid at the end of one year?

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