SOLUTION: WORKSHEET 2 Interest Simple Interest Simple Discount Compound Interest Solve for what is being asked. How long will it take for Php 90,000 to earn Php 1,200 if it is invest

Question 1130497: WORKSHEET 2
Interest
Simple Interest
Simple Discount
Compound Interest
Solve for what is being asked.
How long will it take for Php 90,000 to earn Php 1,200 if it is invested at 8%?

Rodel Sy bought a computer for Php 60,000. He paid Php 25,000 down and agreed to pay the balance plus a charge account fee of Php 500 in 3 months. What rate of simple interest did he pay?

A bank charges 18% interest in advance (18% bank discount). If Quiano signs a 5-month note for Php 40,000, what sum does he receive from the bank?

Accumulate Php 40,000 for 15 years and 7 months at 11% compounded annually.

Accumulate Php 21,000 for 12 years at 21% compounded monthly.

Annuities
Ordinary Annuities
Sinking Funds
Solve for what is being asked.
Every 3 months for 5 years, MY Boutique deposits Php 2,000 in MQ Trust Company. If the money earns 16% interest compounded quarterly,
How much will be in the fund after 5 years?

How much is in the fund after the 12th deposit?

How much interest will be earned after 5 years?

Recently, Providan offered an annuity that pays 6.25% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $150,000 in 15 years?

A self-employed person has a retirement plan. If deposits of Php 5,000 are made each year into an account paying 11% compounded annually, how much will be in the account after 25 years?

Amortizations
Solve for what is being asked.
A debt of $ 50,000 with interest at 12% is to be amortized by payments of $ 10,000 at the end of each quarter for as long as necessary. Create an amortization schedule.

Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
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