Simple Interest
What is the formula for simple interest?
I = PRT
Which yields to a higher amount, simple or compound interest?
Compound Interest
Which type of annuity refers to payments made at the beginning of each period?
Annuity Due
If payments are made at the end of each period, this describes what type of annuity?
Ordinary Annuity
What does owning a stock mean?
You own part of a company
What is the simple interest on ₱10 000 at 5% per year for 2 years?
1,000
If ₱300,000 is invested at 1% interest compounded quarterly for 6 years, how many compounding periods are there in a year?
4
Rosa decides to save 5,000 pesos at the end of each year for 6 years in an account that earns 8% annual interest, compounded quarterly.
In the formula for future value of ordinary annuity, what is the value for P?
5, 000
Rosa decides to save 5,000 pesos at the end of each year for 6 years in an account that earns 8% annual interest, compounded quarterly.
What is the value for n?
24
You invest ₱10,000 in a bond that pays 5% annual interest. How much interest will you earn in one year?
500
If ₱300,000 is invested and accumulated an amount of 316,671 within 4 years, what is the interest earned after 4 years?
16,671
If ₱300,000 is invested at 1% interest compounded quarterly for 6 years, what is the maturity value after 4 years?
312,227.65
Rosa decides to save 5,000 pesos at the end of each year for 6 years in an account that earns 8% annual interest, compounded quarterly.
What will be the value for i?
0.02
Rosa decides to save 5,000 pesos at the end of each year for 6 years in an account that earns 8% annual interest, compounded quarterly.
What will be the accumulated amount after 6 years?
152, 109.31
You bought 100 shares of a company at ₱50 each. What is your total investment?
5, 000