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MATMOD ASSIGNMENT #2

FINALS
Instruction: Solve the following problem on compound interest. Write it on 1 whole sheet of yellow
pad.

1. If Php 105,000 is the accumulated value of Php 63,000, at what rate compounded semi-annually was it
invested two years ago?

2. Sheena borrowed Php 150,000 from a bank charging 9% compounded quarterly. How much would she pay
at the end of four years?

3. If Php 125,000 is the present value of Php 180,000, find the term of the investment if the earns at 5%
compounded monthly.

4. Find the rate compounded quarterly if Php 50,000 is the present value of Php 85,000 due at the end of four
years.

5. Jocelyn promised to pay Bonifacio Php 70,000 for a loan she made three years ago. If Bonifacio charged an
interest rate of 5% compounded monthly, how much did Jocelyn borrow?

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