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
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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
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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(52879)   (Show Source):
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