1. A certain fund currently has P100,000 and is invested at 3% interest compounded annually. How much withdrawal can be made at the end of each year so that the fund will have zero balance at the end...


1. A certain fund currently has P100,000 and is invested<br>at 3% interest compounded annually. How much<br>withdrawal can be made at the end of each year so that<br>the fund will have zero balance at the end of years?<br>2. What is the present value of an annuity of P150,000<br>payable at the end of each 6-month period for 2 yea if<br>money is worth 8% compounded semiannually?<br>3. ABC bank pays interest at the rate of 2% compounded<br>quarterly. How much will Ken have in the bank at the<br>end of 5 years if he deposits P3,000 every month?<br>

Extracted text: 1. A certain fund currently has P100,000 and is invested at 3% interest compounded annually. How much withdrawal can be made at the end of each year so that the fund will have zero balance at the end of years? 2. What is the present value of an annuity of P150,000 payable at the end of each 6-month period for 2 yea if money is worth 8% compounded semiannually? 3. ABC bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank at the end of 5 years if he deposits P3,000 every month?

Jun 03, 2022
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