Joy has ₱100,000.00 to invest at 1.11% compounded monthly.
6. What is the the total number of compounding frequency if the investment matures after 6 years?
a. 6
b. 12
c. 18
d. 72
7. How much is the interest rate per conversation period?
a. 0.0925%
b. 0.925%
c. 9.25%
d. 92.5%
8. How much is the maturity value of his investment in 4 years?
a. ₱104,537.90
b. ₱113,725.96
c. ₱166,671.30
d. ₱167,476.38
9. How much is the compound interest after 4 years?
a. ₱4,537.90
b. ₱13,725.96
c. ₱66,671.30
d. ₱67,746.3
10. How much is the additional interest earned if instead of 4 years the investment matures after 6 years?
a. ₱6,883.49
b. ₱4,537.90
c. ₱5,822.68
d. ₱2,345.59
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Answer:
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Answer:
Joy has ₱100,000.00 to invest at 1.11% compounded monthly.
6. What is the the total number of compounding frequency if the investment matures after 6 years?
a. 6
b. 12
c. 18
d. 72
7. How much is the interest rate per conversation period?
a. 0.0925%
b. 0.925%
c. 9.25%
d. 92.5%
8. How much is the maturity value of his investment in 4 years?
a. ₱104,537.90
b. ₱113,725.96
c. ₱166,671.30
d. ₱167,476.38
9. How much is the compound interest after 4 years?
a. ₱4,537.90
b. ₱13,725.96
c. ₱66,671.30
d. ₱67,746.3
10. How much is the additional interest earned if instead of 4 years the investment matures after 6 years?
a. ₱6,883.49
b. ₱4,537.90
c. ₱5,822.68
d. ₱2,345.59
This answer
Step-by-step explanation:
6.B.
7.A.
8.A.
9.B.
10.A.