Mitchellefernandez52idn
Answered

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C. Directions: What is asked in each problem, future value or present value? Write FV on the blank
before the number if it is future value and PV if it is present value,
1. At the end of 5 years, after being charged interest at 3% per year, compounded monthly,
Simon had to pay P10,135.00. How much did Simon originally borrow?
2. Jonathan borrows P9,000.00 from a financial institution for the purchase of a used car. The
terms of the loan require Jonathan to pay interest at 4% per year, compounded
semi-annually, and repay the total amount at the end of 2 years. How much does Jonathan
need to repay at the end of 2 years?
3. When Marta was 5 years old, her parents invested P12,000.00 for her in a plan that earns 6%
per year, compounded quarterly. How much will the investment be worth when Marta is 12
years old?
4. Lucy received P4,300.00 as a graduation gift. She wants to invest this money and some of
her savings in a savings plan that offers 4.8% per year, compounded semi-annually. She
would like to have P 20,000.00 after 20 years. How much does Lucy need to invest today to
reach her goal?​

Sagot :

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Answer:

︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎︎ ︎ ︎ ︎ ︎︎ ︎ ︎ ︎

︎ ︎ ︎

︎ ︎ ︎ ︎ ︎ ︎ ︎︎

︎ ︎ ︎ ︎ ︎ ︎︎ ︎ ︎ ︎

︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎︎ ︎ ︎ ︎ ︎︎ ︎ ︎ ︎

︎ ︎ ︎ ︎ ︎ ︎ ︎

Step-by-step explanation:

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︎ ︎ ︎

︎ ︎ ︎ ︎ ︎ ︎ ︎︎

︎ ︎ ︎ ︎ ︎ ︎︎ ︎ ︎ ︎

︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎︎ ︎ ︎ ︎ ︎︎ ︎ ︎ ︎

︎ ︎ ︎ ︎ ︎ ︎ ︎

︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎︎ ︎ ︎ ︎ ︎︎ ︎ ︎ ︎

︎ ︎ ︎

︎ ︎ ︎ ︎ ︎ ︎ ︎︎

︎ ︎ ︎ ︎ ︎ ︎︎ ︎ ︎ ︎

︎ ︎ ︎ ︎ ︎ ︎ ︎ ︎︎ ︎ ︎ ︎ ︎︎ ︎ ︎ ︎

︎ ︎ ︎ ︎ ︎ ︎ ︎

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