Answer:

Joy has ₱100,000.00 to invest at 1.11% compounded monthly.

6. What is the the total number of compounding frequency if the investment matures after 6 years?

a. 6

b. 12

c. 18

d. 72

7. How much is the interest rate per conversation period?

a. 0.0925%

b. 0.925%

c. 9.25%

d. 92.5%

8. How much is the maturity value of his investment in 4 years?

a. ₱104,537.90

b. ₱113,725.96

c. ₱166,671.30

d. ₱167,476.38

9. How much is the compound interest after 4 years?

a. ₱4,537.90

b. ₱13,725.96

c. ₱66,671.30

d. ₱67,746.3

10. How much is the additional interest earned if instead of 4 years the investment matures after 6 years?

a. ₱6,883.49

b. ₱4,537.90

c. ₱5,822.68

d. ₱2,345.59

This answer

Step-by-step explanation:

6.B.

7.A.

8.A.

9.B.

10.A.

Answer:

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