Mark borrows ?250,000 and promises to pay the principal and interest at 9% compounded monthly....
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Mark borrows ?250,000 and promises to pay the principal and interest at 9% compounded monthly. How much must he repay after 5 years?
2. How long will a principal earn an interest equal to half of it at 4% simple interest?
3. Mr. Santos started to deposit P5 000 quarterly in a fund that pays 1% compounded quarterly. How much will be in the fund after 6 years?
4. Paolo borrowed P100 000. He agrees to pay the principal plus interest by paying an equal amount of money each year for 3 years. What would be his annual payment if interest is 8% compounded annually.
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