Set Problems

Submit your answer in handwritten in bond paper, JPEG format no later than 10:00 PM, November 20,
2023.

Subject: FinMan Set Prob

vergelsantiago80@gmail.com

COMPOUNDING INTEREST

a. In a savings account with a fixed yearly interest rate of 5% compounded twice a year, Diane
invests Php 4,848. After six years, what will the account balance be?
b. Mr. Dela Cruz invests Php 8,333 in a savings account with a fixed annual interest rate of 8%
compounded twice a year. What will the account balance be after 12 years?
c. In a retirement account with a set yearly interest rate of 9% compounded annually, Mrs. Santos
invests Php 2,658. How much will the account be after 15 years?
d. John capitalizes a sum of cash in a savings account with a fixed annual interest rate of 4.31%
compounded 12 times per year. After 10 years, the balance reaches Php 12,855.94. What was
the sum of the early investment?
e. Maria deposits Php 8,589 into a retirement account with a constant 7% yearly interest rate
compounding. What is the estimated duration needed for the account balance to attain Php
21,337.85?
f. Adam invests Php 6,139 in a retirement account with a fixed annual interest rate compounded
continuously. After 17 years, the balance reaches Php 8,624.97. What is the interest rate of the
account?
g. The compound interest (C.I.) on Php 10,000 in 2 years at 4% per annum, the interest being
compounded half-yearly is______.

ANNUITY

Submit 5 (five) Annuity problems. ALL submissions must be in handwritten (with formulas), answers, and
solutions.