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Review Test in General Mathematics 11: Clara Mae Macatangay 1
Review Test in General Mathematics 11: Clara Mae Macatangay 1
1. An amount of Php 150, ooo is invested for 9 months at 4%. Find the a.) interest. b.) maturity value.
Given:
4. Mr. Seniro issued a promissory note on May 8, 2015 to BPI accounting to Php 100, ooo with interest
at 6%. The due date is October 8, 2015. Determine the maturity value to be paid.
Given:
6. Find the present value of Php 50, 000 due in 8 years at 4% compounded monthly.
Given:
8. Mr. Torres wants to buy a simple ordinary annuity of Php 100, 000 per year for 5 years. He wants to
enter a contract with KT Company and deposit a certain amount so that later, the company will pay
him Php 100, 000 per year for 5 years. Suppose KT Company offered 2.2% compounded annually,
find the amount Mr. Torres should deposit to KT Company.
Given: