COLLEGE FUND

SAVINGS
PROPOSAL
Ericka R. Castro, STEM - D

September 24, 2016

To my dearest parents,

You certainly know that the time is approaching faster and in time, I
will be studying in college. This is my proposed preparation of our expenses
and savings.
Now I would like you help me guarantee that I can complete in
studying college by investing monthly in my bank account. This will be a
benefit not only to me, but also to you.
You will see that there are two options in my schools I college. I already
picked the best and affordable school and all you have to do is to invest for
me.
I would like to discuss this opportunity with you further. I really
appreciate your help.

Your daughter,
Ericka R. Castro

Polytechnic University of the

Philippines
Manila, Metro Manila
Type of school: State University
Religious affiliation: Nonsectarian
Term type: Semester (2 terms per year)
Entrance exam: Required
Gender admission: Men & Women
Website: www.pup.edu.ph

TUITION FEES:
Bachelor's degree 2,000-4,000 per year
Master's degree 4,000-5,200 per year

RANKINGS:
Based on the FindUniversity.ph Weighted Board Exams Ranking
Rank in Metro
13 out of 46 schools
Manila
Rank in
36 out of 259 schools
Philippines

BOARD EXAMS PERFORMANCE:

Displaying the passing rates of First Timers only (does not include people who
took the exam for the 2nd or 3rd time).
Based on the results of past 4 exams of each board exam.
Passing
Rates
Rank in
Exam
(first
Philippines
timers)
Licensure Exam for Elementary
97%
14 of 1003
Excellent
Teacher
Electronics Technicians Board
89%
42 of 148
Very Good
Exam
88%
of 42
4
Librarian Licensure Examination
Very Good

Nutritionist-Dietitian Licensure
Exam

87%
Very Good

of 31

Electrical Engineer Licensure

Exam
Architect Licensure Exam
Master Electrician Licensure
Exam
Mechanical Engineer Licensure
Exam
Licensure Exam for Secondary
Teacher
Interior Design Licensure Exam
Civil Engineering Licensure Exam
Licensure Exam for
Psychometricians
Environmental Planner Licensure
Exam
Real Estate Appraiser Licensure
Exam
CPA Licensure Exam
Real Estate Broker Licensure
Examination

83%

53

of 145

12

of 71

30

of 150

80%

30

of 125

78%

122

Very Good

82%
Very Good

82%
Very Good
Very Good
Very Good

77%
Very Good

of 1119
of 19

71%

26

of 195

70%

11

of 185

15

of 43

34

of 164

68

of 332

100

of 286

Very Good
Very Good

63%

Above
Average

61%
Above
Average

60%

Above
Average

58%
Above
Average

LOCATION
Address:
Polytechnic University of the Philippines
Anonas Street, Sta. Mesa Manila, 1008 Metro Manila

BS in Mathematics
at Polytechnic University of the Philippines
Duration: 4 years
Tuition Fees: P 1,000-2,000 per semester
P 2,000-4,000 per year.
Last updated: April 2016.
1. Tuition for bachelor's programs are for the 1st year. Tuition for

the following years may be different.

2. Based on cash payments (installment rates are higher).
3. Tuition for foreign students is almost always higher.
4. May not include all fees, and can change at any time.

University Of Caloocan City

Caloocan City, Metro Manila
Type of school: Local University
Religious affiliation: Nonsectarian
Term type: Semester (2 terms per year)
Entrance exam: Required
Gender admission: Men & Women
Website: ucc-caloocan.edu.ph

TUITION FEES:
Bachelor's degree 3,000-6,000 per year
Master's degree 1,300-3,700 per year

BOARD EXAMS PERFORMANCE:

Displaying the passing rates of First Timers only (does not
include people who took the exam for the 2nd or 3rd time).
Based on the results of past 4 exams of each board exam.

Exam

Passing
Rates
(first
timers)

Licensure Exam for Elementary

Teacher

Very Good

Licensure Exam for Secondary

Teacher
CPA Licensure Exam

84%

63%
Above
Average

58%
Above
Average

Rank in
Philippines
87

of 1003

360

of 1119

77

of 332

Criminologists Licensure Exam

Real Estate Broker Licensure
Examination
Licensure Exam for
Psychometricians

53%
Above
Average

38%
Below
Average

17%
Poor

168

of 404

225

of 286

174

of 185

LOCATION
Address:
University Of Caloocan City
General San Miguel St., Sangandaan, Caloocan City

BS in Mathematics
at University Of Caloocan City
Duration: 4 years
Tuition Fees: P 1,500-3,000 per semester
P 3,000-6,000 per year.
Last updated: April 2016.
1. Tuition for bachelor's programs are for the 1st year. Tuition for
the following years may be different.
2. Based on cash payments (installment rates are higher).
3. Tuition for foreign students is almost always higher.
4. May not include all fees, and can change at any time.

BPI Interest Rates

Time Deposit
Savings Accounts

up to:
up to:

1.13%
0.35%

Aug, 2016
Aug, 2016

Bank of the Philippine Islands offers personal banking products and services
including deposit, loans, e-channels, credit & debit cards, prepaid and gift cards,
remittance, asset management, insurance and pre-need services.

Bank of the Philippine Islands or commonly abbreviated as BPI, is a large

universal bank in the Philippines. It began back in 1851(officially from 1828) and
as 2012 had 700 branches and 1600 ATMs. It caters to individuals, businesses
and overseas Filipino clients. It is a PDIC member (offers deposit insurance) and
provides a broad range of credit and savings products including checking,
savings and time deposit accounts denominated in Peso's.
You can contact them by telephone on 1-800-188-89100

Jumpstart^ Savings account is specially designed for the youth, ages 10 to 17

years old. Its a tool to form the habit of saving at an early age.
PRODUCT FEATURES:
Guaranteed Savings that protects a portion of a child's funds from
unplanned withdrawals.
Allowance Transfer Facility that ensures a childs allowance gets credited
to his/her Jumpstart Account on a scheduled basis.

 Cellphone Reloading via BPI Express Teller ATM, BPI Phone Banking (89100), BPI Mobile Banking Menu, or by logging on to BPI Online Banking.
Privileges from partner merchants that can provide valuable childhood
experiences

MATHEMATICAL CALCULATIONS
I.

Finding the equivalent rate

BPI Interest Rate: 0.25% compounded annually

0.0025 compounded annually = _____ compounded quarterly
m

im
im
= 1+
m
m

( ) ( )
1+

0.0025 1
im
1+
= 1+
1
4

) ( )

1
4

( 1.0025 ) =1+

im
4

1.0006244149=1+

0.0006244149=
II.

im
4

im
=j
4

Finding the interest earned

Interest earned = Ending Balance (Quarterly) * Interest rate

= 30494.29 * 0.0006244149
= 19.04

III.

Finding the Ending Balance

Ending balance = (Beginning balance + Deposits) Withdrawals

= (38536.13 + 2000) 6000
= 36536.13

References
Cerbito, Adonis F. Re: Request for a copy of spreadsheet. Message to Ericka
Castro. 23 September 2016. E-mail