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Ruby is planning to borrow money amounting to ₱ 250,000.00. China Bank is offering 1.25% compounded semi – annually, while East west Bank offers 1% compounded monthly.
For numbers 1- 5, use the situation above.
1. How much will be the maturity value after 5 years if he borrows from China Bank? *
ROUND OFF INTO 2 DECIMAL PLACES. EX: 1,234.56
2. How much will be the maturity value after 5 years if he borrows from East west Bank? *
ROUND OFF INTO 2 DECIMAL PLACES. EX: 1,234.56
3. What will be the interest after 5 years if he borrows from China Bank? *
ROUND OFF INTO 2 DECIMAL PLACES. EX: 1,234.56
4. What will be the interest after 5 years if he borrows from East west Bank? *
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