100,000 13. Cian lends P45,000 for 3 years at 5% compounded semi-annually. Find the 14. Tenten deposited P10,000 in bank which gives 1% compounded quarterly 15. How much should you set aside and invest in a fund earning 9% compounded quarterly if you want to accumulate P200,000 in 3 years and 3 16. How much should you deposit in a bank paying 2% compounded quarterly to C. Solve the following problems on compound interest. future value and interest of this amount. it there for 5 years. Find the months? accumulate an amount of P80,000 in 5 years and 9 months? 17. Miko has P250,000 to invest at compounded monthly. Find the maturity value if he invests for (a) 2 years; (b) 12 years? (c) How much is the additional interest earhed due to the longer time. 18. Yohan sold his car and invested P300,000 at 8.5% compounded quarterly Find the maturity value if he invests for (a) 3 years? (b) 6 years? (c) HOW much is the additional interest earned due to the longer time. 19. Maryam is planning to invest P150,000. Bank A is offering 7.5% compounded semi-annually while Bank B is offering 7% compounded monthly. If she plans to invest this amount for 5 years, in which bank should she invest? 20. Yani has a choice to make short term investments for her excess cash P60,000. She can invest at 6% compounded quarterly for 6 months or (b) 5% compounded semi-annually fo 1 year. Which is larger?
