Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded ?
(A) Monthly
(B) Bimonthly
(C) Quarterly
(D) Annually
A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year ?
(A) P693.12
(B) P700.12
(C) P702.15
(D) P705.42
By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly ?
(A) 11.23 years
(B) 11.46 years
(C) 11.57 years
(D) 11.87 years
How long will it take money to double itself if invested at 5% compounded annually ?
(A) 13.7 years
(B) 14.7 years
(C) 14.2 years
(D) 15.3 years
Which of these gives the lowest effective rate of interest ?
(A) 12.35 % compounded annually
(B) 11.90 % compounded annually
(C) 12.20 % compounded annually
(D) 11.60 % compounded annually
What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly ?
(A) 8.07 %
(B) 8.12 %
(C) 8.16 %
(D) 8.24 %
What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days______________?
(A) 19.61 %
(B) 19.44 %
(C) 19.31 %
(D) 19.72 %
A person buys a piece of lot for P 100,000 downpayment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually ?
(A) P 142,999.08
(B) P 143,104.89
(C) P 142,189.67
(D) P 143,999.08
A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments ?
(A) P 43,600.10
(B) P 43,489.47
(C) P 43,263.91
(D) P 43,763.20
What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually ?
(A) P 7,654.04
(B) P 7,731.29
(C) P 7,420.89
(D) P 7,590.12