Question

How many years are needed for a loan of Php50000 at 5% per annum to earn Php15000?

Select one:

a. 6

b. 60

c. 50

d. 5

DAD Company established a sinking fund in order to accumulate Php150,000 by depositing equal amounts of money at the end of every 3 months for 2 years. If the fund was earning interest at 10% compounded quarterly, how much is the interest earned on the 8th payment?

Select one:

a. None from the given choices

b. 752.10

c. 594.16

d. 440.07

DAD Company established a sinking fund in order to accumulate Php150,000 by depositing equal amounts of money at the end of every 3 months for 2 years. If the fund was earning interest at 10% compounded quarterly, how much is the interest earned on the 4th payment?

Select one:

a. None from the given choices

b. 440.07

c. 594.16

d. 752.10

How much is your interest earned if you invest PhP20000 at the rate of 8% compounded monthly for 4 years?

Select one:

a. 27371.38

b. 27513.32

c. 27209.78

d. 27455.71

How much is the purchase price of a bond that has the face value of 1500, maturing at 110, that yields 6%, compounded quarterly, if the coupon pays 7.5% that was purchased on 01/01/2015 and matures on 03/20/2020? (rounded off in 2 decimal points)

Select one:

a. 1573.00

b. 1573.73

c. None of the choices

d. 1573.75

Answer 1