Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 2) you plan to invest p50,000 now for three years

2) You plan to invest P50,000 now for three years and a bank will pay...

80.2K

Verified Solution

Question

Finance

image

2) You plan to invest P50,000 now for three years and a bank will pay you compound interest of 2.5% per year. What will be the value after three years? (2 points) 3) You plan to invest P20,000 each year beginning next year for five years at a 3% compound interest rate. What will be the future value of your investment? (2 points) 4) You need P24,000 each year beginning next year for ten years and a bank will pay 3% compound interest rate on your deposit. How much do you need to deposit now to realize this? (2 points) 5) Compute for amortization due and create amortization schedule on the following: (12 points) You borrowed money from BPI Savings with the following tenor

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Describe the central nervous system and its anatomical and physiological components i.e. neurons, glial cells, etc....

Physics
1.2K views

1. A moving particle with a charge of 6.52 is accelerated through a potential difference of...

Physics
1.2K views

A space station shaped like a giant wheel has a radius of 1.00 x 102 m...

Psychology
1.2K views

Why do sociologists find it important to differentiate between sex and gender ? What importance does the...

Biology
1.2K views

Which of the following statements best describes the difference between artificial and natural selection? a....

Biology
1.2K views

Which of the following is true of the U.S. Marine Hospital Number 43?It was the...

Statistics
1.2K views

5 What is the slope of the least squares regression line for the data 0...

Accounting
1.2K views

This Test: 100 pts possible This Question: 10 pts 1 of 10 (0...

Accounting
1.2K views

1. A partnership is considered a legal entity in each of the following ways except?...

Accounting
1.2K views

Diego Company manufactures one product that is sold for $73 per unit in two geographic...

Finance
1.2K views

Instructions: Given the following information, determine the feasibility of this investment. Veronika has a great...

Accounting
1.2K views

On December 1, Victorla Company signed a 90-day, 7% note payable, with a face value...