Jennalyn need P25,000.00 to buy a laptop when you enter into college 2 years from now. How much must she invest now if the interest rate is at 6% per annum? Compute the present value a) 23,000 b)...

Jennalyn need P25,000.00 to buy a laptop when you enter into college 2 years from now. How much<br>must she invest now if the interest rate is at 6% per annum? Compute the present value<br>a) 23,000<br>b) 23942.91<br>c) 22429.11<br>d) 22249.91<br>Roxas madrid deposited PHP1,500 in a bank with an interest rate of 5% for 1 year. What is the<br>future value of his deposit?

Extracted text: Jennalyn need P25,000.00 to buy a laptop when you enter into college 2 years from now. How much must she invest now if the interest rate is at 6% per annum? Compute the present value a) 23,000 b) 23942.91 c) 22429.11 d) 22249.91 Roxas madrid deposited PHP1,500 in a bank with an interest rate of 5% for 1 year. What is the future value of his deposit?" a) 1500 b) 1525 c) 1575 d) 1550 PNB pays 6% interest compounded semi-annually. BDO pays 6% compounded monthly. Which bank offers the higher effective annual rate? a) BDO b) PNB c) NONE OF THE CHOICES

Jun 08, 2022

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Jennalyn need P25,000.00 to buy a laptop when you enter into college 2 years from now. How much must she invest now if the interest rate is at 6% per annum? Compute the present value a) 23,000 b)...

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