A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 one year ago
How long will an account invested at 11.5% compounded yearly is tripled?13. What is the present worth of two P 100.00 payments at the end of the third year and fourth year? The annual interest rate is 8%.
14. A house and lot costing P2M was bought at a down payment of P 500 000.00 and P 1m after one year. The remaining balance will be paid at the end of the third year. If the interest is 24 % compounded semi annually, what is the required payment?
anonymous
 one year ago
How long will an account invested at 11.5% compounded yearly is tripled?13. What is the present worth of two P 100.00 payments at the end of the third year and fourth year? The annual interest rate is 8%. 14. A house and lot costing P2M was bought at a down payment of P 500 000.00 and P 1m after one year. The remaining balance will be paid at the end of the third year. If the interest is 24 % compounded semi annually, what is the required payment?

This Question is Closed

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0A sum of P 1000.00 is invested now and left for eight years, at which time the principal is withdrawn. The interest that 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?
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.