1. Find the compound interest and maturity value if P = P43,000, with a rate
of 5 is compounded semi-annually for 6 years.
2. Find the compound interest and present value if F = P105,000 with a rate
of 2.5% is compounded quarterly for 3 years
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Answer:
1. the compound interest is 446,796.88 then the maturity value will be 489,796.88
Step-by-step explanation:
F=P(1+r)t -yung t po is exponent
F=(43,000)(1+0.5)⁶
F=(43,000)(1.5)⁶
F=489,796.88
Ic=F-P
Ic=489,796.88-43,000
Ic=446,796.88