10. Find the amount of a P42,000 ordinary annuity payable quarterly for 4 years. Money...
60.1K
Verified Solution
Link Copied!
Question
Accounting
10. Find the amount of a P42,000 ordinary annuity payable quarterly for 4 years. Money is worth 16% compounded quarterly. 11. The monthly payment of 6 -year loan with interest at 15.3% compounded monthly is P36,000. What was the original principal amount of the loan. 12. If money is worth 14% compounded quarterly. How much must be deposited every quarter in a fund to have P500,000 at the end of 15 years. 13. Determine the interest rate compounded annually at which the P8,200 payment every year will amount to P90,000 in 8 years
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
10. Find the amount of a P42,000 ordinary annuity payable quarterly for 4 years. Money is worth 16% compounded quarterly. 11. The monthly payment of 6 -year loan with interest at 15.3% compounded monthly is P36,000. What was the original principal amount of the loan. 12. If money is worth 14% compounded quarterly. How much must be deposited every quarter in a fund to have P500,000 at the end of 15 years. 13. Determine the interest rate compounded annually at which the P8,200 payment every year will amount to P90,000 in 8 years 