For items 13-15, refer to this situation.
Mr. Matulungin is paying P2,500 every three months for the amount he borrowed w an
interest rate of 8% compounded quarterly. How much did he borrow if he need that the loan will
be paid in 2 years and 6 months?
13. What is unknown in the problem?
A. Future Value
B. Nominal Rate C. Present Value D. Regular Payment
14. What do you call P2,500 in the problem?
A Future Value
B. Nominal Rate C. Present Value D. Regular Payment
15. How much did he borrow if he agreed that the loan will be paid in 2 years and 6 months?
A. P21,456.46
B. P22,456.46 C. P26,374.30 D. P27,374.30
1. Mr. Maunawain would like to save P500,000 for his son's college education. How much should he
deposit in a savings account every 6 months for 12 years if interest is at 1% compounded semi-
annually?
A. P11,235.58
B. P19.660.31
C.P22,160.31
D. P30.838.91
For items 2-3, refer to this problem.
Teacher Kaye is saving P2,000 every month by depositing it in a bank that gives an interest
of 1% compounded quarterly. How much will she save in 5 years?
2. What is unknown in the problem?
A. Future Value
B. Nominal Rate C. Present Value D. Regular Payment
3. How much will she save in 5 years?
A. P122,995.56
B. P124,995.56 C. P126,995.56 D. P130,995.56
For items 4 - 6. refer to this problem​