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Preview of Application of Law of Exponents in Business QUESTIONS with ANSWERS

Application of Law of Exponents in Business QUESTIONS with ANSWERS

Created by
Teacher Felice
Application of the Law of Exponents in Business: Finding the present and future value of money using compound interests. Finding the rate of interests and business Finding the time and the term of the business. Solve the following problems. 1. If you deposit P50,000 in account paying 5% interest, how much money will you receive in 8 years, how much money will you receive in 8 years If the account was compounded? 2. Suppose you are depositing an amount today in an account that earns 5% interest
Preview of If you deposit P50,000 in account paying 5% interest, how much money will you

If you deposit P50,000 in account paying 5% interest, how much money will you

Created by
Teacher Felice
THIS PAPER ANSWERS THE FOLLOWING QUESTIONS: If you deposit P50,000 in account paying 5% interest, how much money will you receive in 8 years, how much money will you receive in 8 years If the account was compounded? Suppose you are depositing an amount today in an account that earns 5% interest, compounded annually. If your goal is to have 500,000PHP in the account at the end of the six years, how much must you deposit in the account today? I have an investment account that increased from 300,0
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