Practice Set 7 – The Mathematics of Finance (for CBAE, CHE, & CAE) Mathematics as a Tool (Part 2) H. Select the formula to be used in each problem below, then solve. nt A = P| 1+- A P = I = A-P, I =...


Practice Set 7 – The Mathematics of Finance (for CBAE, CHE, & CAE)<br>Mathematics as a Tool (Part 2)<br>H. Select the formula to be used in each problem below, then solve.<br>nt<br>A = P| 1+-<br>A<br>P =<br>I = A-P,<br>I = Prt<br>nt<br>1+-<br>1. What is the compound amount and interest if Php 10,000 is invested at 3.6% compounded monthly for<br>2 years?<br>2. How much interest earned in 5 years on Php 20,000 deposited in an account paying 6.5%<br>compounded semi-annually?<br>3. How much money should you invest at an interest rate of 4.5% compounded monthly, in order to have<br>Php 300,000 in 4 years?<br>ctice Set<br>

Extracted text: Practice Set 7 – The Mathematics of Finance (for CBAE, CHE, & CAE) Mathematics as a Tool (Part 2) H. Select the formula to be used in each problem below, then solve. nt A = P| 1+- A P = I = A-P, I = Prt nt 1+- 1. What is the compound amount and interest if Php 10,000 is invested at 3.6% compounded monthly for 2 years? 2. How much interest earned in 5 years on Php 20,000 deposited in an account paying 6.5% compounded semi-annually? 3. How much money should you invest at an interest rate of 4.5% compounded monthly, in order to have Php 300,000 in 4 years? ctice Set

Jun 10, 2022
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