For numbers 11-12,use the following values:F=150,000,t=6 years,i²=5% and m=2
[tex]show \: your \: solution[/tex]
11.What is the present value?
a.₱100,353.83
b.₱111,533.38
c.₱123,153.83
d.₱132,531.38
12.How much is the compound interest?
a.₱49646.17
b.₱38466.62
c.₱26846.17
d.₱17468.63
[tex]show \: your \: solution[/tex]
11.What is the present value?
a.₱100,353.83
b.₱111,533.38
c.₱123,153.83
d.₱132,531.38
12.How much is the compound interest?
a.₱49646.17
b.₱38466.62
c.₱26846.17
d.₱17468.63
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Present Value and Compound Interest
Compound interest is based on the principal plus the accumulated past interests. Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods. An important concept in understanding and managing finances .It can help earn a higher return on savings and investments. It can also work against when paying interest on a loan.
Answers:
11. B. ₱111,533.38
12. B. ₱38466.62
Solutions:
11. Asked: The present value.
Given: F = 150,000
t = 6 years
i² = 5%
m = 2
Operation: finding the present value
Number Sentence: P =
Solution: P =
P =
P =
P =
Answer: ₱111,533.38
12. Asked: The compound interest.
Given: F = 150,000
t = 6 years
i² = 5%
m = 2
Operation: finding the compound interest
Number Sentence: I_c = F - P
Solution: I_c = F - P
I_c = ₱150000 - ₱111533.38
Answer: ₱38466.62
How to compute for the present value: brainly.ph/question/895652
How to compute for the compound interest: brainly.ph/question/7028385
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