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Solve the following problems carefully. Show your complete solution then put your final answer in a rectangular box. Do not forget to put the correct unit of measurements. Upload your answer here

Solve the following problems carefully. Show your complete solution then put your final answer in a rectangular box. Do not forget to put the correct unit of measurements. Upload your answer here. (5 points each problem) 1. What are the compound amount and interest if Php 6,000 is invested at 2% compounded monthly for 2 years. 2. How much interest is earned in 4 years on Php 12,000 deposited in an account paying 4 % compounded semi-annually? 3. A bank offers 4 % compounded quarterly. What is the effective rate? 4. Which investment has a higher annual yield, the one that earns 4% compounded monthly or the on that earns 4.25% compounded quarterly/

Apr 16 2021 View more View Less

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