1. Find the amount of a Php 100 ordinary annuity payable every month for 2 years if money is worth 5% converted monthly. 2. John bought a car. If it was purchased under the following terms: Php 65,000...


1. Find the amount of a Php 100 ordinary annuity payable every month for 2 years if money is worth<br>5% converted monthly.<br>2. John bought a car. If it was purchased under the following terms:<br>Php 65,000 down payment and Php 5,000 every month for 5 years. If money is worth 7%<br>compounded monthly, find the cash price of the car.<br>3. Every 6 months for 8 years, an eldest sister deposits Php 2,800 in a company for his youngest<br>sibling's education. If the money earns at 16% compounded semi annually, how much will be in the<br>fund after the 4th deposit? After the last deposit?<br>

Extracted text: 1. Find the amount of a Php 100 ordinary annuity payable every month for 2 years if money is worth 5% converted monthly. 2. John bought a car. If it was purchased under the following terms: Php 65,000 down payment and Php 5,000 every month for 5 years. If money is worth 7% compounded monthly, find the cash price of the car. 3. Every 6 months for 8 years, an eldest sister deposits Php 2,800 in a company for his youngest sibling's education. If the money earns at 16% compounded semi annually, how much will be in the fund after the 4th deposit? After the last deposit?

Jun 05, 2022
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