1 Find the value of P if A = $600 , n = 15 years, and i = 5% compounded annually Select one: a. P=$6,227.40 b. P=$6,429.75 c. P=$5,470.65 d. P=$3,969.

15 A deposit of P110,000 was made for 31 days. The net interest after deducting 20% witholding tax is P890.36. Find the rate of return annually. Select one: a. 0.1275 b. 0.1175 c. 0.1195 d. 0.1225 If you borrowed money from your friend with simple interest of 12%, find the present worth of P50,000, which is due at the end of 7 months. Select one: a. P45789 b. P46200 c. P46730 d. P44,893 Find the values of n if F = $7,000 , P = $3,500 , and I = 6% compounded quarterly Select one: a. n=9.04 years b. n=10.50 years

c. n=13.33 years d. n=11.63 years What is the exact interest earned on a $20,000 for a period of 29 days at 5% simple interest? Select one: a. 97.45 b. 81.45 c. 80.45 d. 79.45 A man borrowed P 20,000 from a local commercial bank which has a simple interest of 16% but the interest is to be deducted from the loan at the time that the money was borrowed and the loan is payable at the end of one year. How much is the actual rate of interest? Select one: a. 0.14 b. 0.12 c. 0.1 d. 0.19 A car was bought on installmentbasis with a monthly installment of P10,000.00 for 60 months. If interest is 12% compounded annually calculate the cash price of the car. Select one: a. P455,875.00 b. P345,539.75 c. P567,539.75 d. P678,519.75

If you borrowed money from your friend with simple interest of 12%, find the present worth of P50,000, which is due at the end of 7 months. Select one: a. P46730 b. P44,893 c. P45789 d. P46200 Find the value of P if A = $600 , n = 15 years, and i = 5% compounded annually Select one: a. P=$6,227.40 b. P=$6,429.75 c. P=$3,969.15 d. P=$5,470.65 A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest was 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? Select one: a. P774.00 b. P500.00 c. P706.00 d. P799.00 What will be the future worth of money after 12 months, if the sum of P 25,000 is invested today at simple interest rate of 1% per month?

Select one: a. P29,000 b. P28,000 c. P27,000 d. P30,000 What is the exact leap year interest earned on a $20,000 for a period of 29 days at 5% simple interest? Select one: a. 97.25 b. 81.23 c. 79.23 d. 80.25 The amount of P50,000 was deposited in the bank earning at interest of 7.5% per annum. Determine the total amount at the end of 5 years, if the principal and interest were not withdrawn during the period. Select one: a. P71,781.47 b. P78,536.34 c. P72,475.23 d. P70,374.90 What nominal rate, compounded semi-annually, yields the same amount as 16% compounded quarterly? Select one: a. 0.0842 b. 0.0824 c. 0.0648

d. 0.0688 A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest was 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? Select one: a. P706.00 b. P799.00 c. P500.00 d. P774.00 P1,500.00 was deposited in a bank account, 20 years ago. Today it is worth P3,000.00. Interest is paid semi-annually. Determine the interest rate paid on this account. Select one: a. 3% b. 4% c. 3.5% d. 2.9% Find the present value in pesos, of a perpetuity of P15,000 payable semi-annually if money is worth 8%, compounded quarterly. Select one: a. 386227 b. 371287 c. 392422 d. 358477 Feedback The correct answer is: 371287.

Find the values of n if F = $7,000 , P = $3,500 , and I = 6% compounded quarterly Select one: a. n=9.04 years b. n=10.50 years c. n=11.63 years d. n=13.33 years Feedback The correct answer is: n=11.63 years.