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This document contains a table to be completed with compound interest calculations and two word problems to solve. The table includes columns for principal, interest rate, compounding frequency, interest rate per period, years, total periods, compound interest, and compound amount. The problems are: 1) Find the compound amount if $200,000 is invested at 12% compounded monthly for 8 years. 2) Find the present value that will amount to $59,780.91 in 3 years compounded quarterly at 6%.
This document contains a table to be completed with compound interest calculations and two word problems to solve. The table includes columns for principal, interest rate, compounding frequency, interest rate per period, years, total periods, compound interest, and compound amount. The problems are: 1) Find the compound amount if $200,000 is invested at 12% compounded monthly for 8 years. 2) Find the present value that will amount to $59,780.91 in 3 years compounded quarterly at 6%.
This document contains a table to be completed with compound interest calculations and two word problems to solve. The table includes columns for principal, interest rate, compounding frequency, interest rate per period, years, total periods, compound interest, and compound amount. The problems are: 1) Find the compound amount if $200,000 is invested at 12% compounded monthly for 8 years. 2) Find the present value that will amount to $59,780.91 in 3 years compounded quarterly at 6%.
A. Complete the table by computing for the compound amounts, compound interests and present values.
Principa Nomina Interest Frequency Interes Years Total Compoun Compoun
l l Rate compounde of t rate Number of d Interests d Amount d Conversion per conversion (I) (F) s period s per year 5,000 6% Semi- 1. 2. 10 3. 4. 5. annually 30,000 2% Quarterly 6. 7. 3 years 8. 9. 10. and 9 month s 11. 10% monthly 12. 13. 5 14. 15. 100,000
B. Solve the following problems in compound interests.
1. Find the compound amount due in 8 years is 200,000 is invested at 12% compound monthly. 2. What present value, compounded quarterly at 6%, will amount to 59,780.91 in 3 years?
Quiz # 4
A. Complete the table by computing for the compound amounts, compound interests and present values.
Principa Nomina Interest Frequency Interes Years Total Compoun Compoun
l l Rate compounde of t rate Number of d Interests d Amount d Conversion per conversion (I) (F) s period s per year 5,000 6% Semi- 1. 2. 10 3. 4. 5. annually 30,000 2% Quarterly 6. 7. 3 years 8. 9. 10. and 9 month s 11. 10% monthly 12. 13. 5 14. 15. 100,000
B. Solve the following problems in compound interests.
1. Find the compound amount due in 8 years is 200,000 is invested at 12% compound monthly. 2. What present value, compounded quarterly at 6%, will amount to 59,780.91 in 3 years?