PERFORMANCE TASK NO. 4 Solve the following problems completely. Read and understand the situation below, then answer the question or perform the tasks that follow. 1. A group of college students...


PERFORMANCE TASK NO. 4<br>Solve the following problems completely. Read and understand the situation below, then<br>answer the question or perform the tasks that follow.<br>1. A group of college students decided to invest the money they earned from the fund-raising<br>project. After 6 months from today, they want to withdraw from this fund P 10,000.00<br>quarterly for 1 year to fund for community service. How much is the present total deposit if<br>the interest rate is 4% converted quarterly?<br>2. A company offers a deferred payment option for the purchase of any furniture. Gladys plans<br>to buy a dining table set with a monthly payment ofP 4,000.00 for 2 years. The payment<br>will start at the end of 3 months. How much is the cash price of the dining set if the company<br>will give 10% compounded monthly?<br>

Extracted text: PERFORMANCE TASK NO. 4 Solve the following problems completely. Read and understand the situation below, then answer the question or perform the tasks that follow. 1. A group of college students decided to invest the money they earned from the fund-raising project. After 6 months from today, they want to withdraw from this fund P 10,000.00 quarterly for 1 year to fund for community service. How much is the present total deposit if the interest rate is 4% converted quarterly? 2. A company offers a deferred payment option for the purchase of any furniture. Gladys plans to buy a dining table set with a monthly payment ofP 4,000.00 for 2 years. The payment will start at the end of 3 months. How much is the cash price of the dining set if the company will give 10% compounded monthly?

Jun 07, 2022
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