1. At the beginning of each quarter, P36,000 is deposited into savings account that pays 6% compounded semiannually. Find the balance in the account at the end of three years. 2. ABC bank pays...

1. At the beginning of each quarter, P36,000 is deposited into savings account that pays 6% compounded semiannually. Find the balance in the account at the end of three years. 2. 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? 3. 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?

Jun 03, 2022
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