Northwest Samar State University Problem 1: Compound Interest Calculation
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Questions and Answers

What is the given principal amount (P) in the problem?

Php5,000,000.00

What is the frequency of compounding (n) in the problem?

12

What is the formula used to calculate the maturity value (MP)?

MP = P [(1 + (FRN/n))^ (n* t)]

What is the fixed rate of nominal interest (FRN) in the problem?

<p>2% + 5% = 7%</p> Signup and view all the answers

What is the maturity value (MP) calculated in the problem?

<p>Php7,163.00</p> Signup and view all the answers

NORTHWEST SAMAR STATE UNIVERSITY PROBLEM 1: GIVEN: P = Php5,000,000.00 t = 20 years FRN= 2% +5% = 7% n = 12 FORMULA: MP = PH -nt] MP - 1 5,000,000 [____ - 0.07 n = 12 29,166.67 MP = [4.071857496475] MP = Php7, 163.00 KTC

<p>0.07</p> Signup and view all the answers

NORTHWEST SAMAR STATE UNIVERSITY PROBLEM 1: GIVEN: P = Php5,000,000.00 t = 20 years FRN= 2% +5% = 7% n = 12 FORMULA: MP = PH -nt] MP - 1 5,000,000 [0.07 - ____ n = 12 29,166.67 MP = [4.071857496475] MP = Php7, 163.00 KTC

<p>0.07</p> Signup and view all the answers

NORTHWEST SAMAR STATE UNIVERSITY PROBLEM 1: GIVEN: P = Php5,000,000.00 t = 20 years FRN= 2% +5% = 7% n = 12 FORMULA: MP = PH -nt] MP - 1 5,000,000 [0.07 - 0.07 n = ____ 29,166.67 MP = [4.071857496475] MP = Php7, 163.00 KTC

<p>12</p> Signup and view all the answers

NORTHWEST SAMAR STATE UNIVERSITY PROBLEM 1: GIVEN: P = Php5,000,000.00 t = 20 years FRN= 2% +5% = 7% n = ____ FORMULA: MP = PH -nt] MP - 1 5,000,000 [0.07 - 0.07 n = 12 29,166.67 MP = [4.071857496475] MP = Php7, 163.00 KTC

<p>12</p> Signup and view all the answers

NORTHWEST SAMAR STATE UNIVERSITY PROBLEM 1: GIVEN: ____ = Php5,000,000.00 t = 20 years FRN= 2% +5% = 7% n = 12 FORMULA: MP = PH -nt] MP - 1 5,000,000 [0.07 - 0.07 n = 12 29,166.67 MP = [4.071857496475] MP = Php7, 163.00 KTC

<p>P</p> Signup and view all the answers

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