How long will it take money to double itself if invested at 5% compounded annually ?

Related Mcqs:

1. What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly ?

   A. 8.07 % B. 8.12 % C. 8.16 % D. 8.24 %...

2. By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly ?

   A. 11.23 years B. 11.46 years C. 11.57 years D. 11.87 years...

3. Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded ?

   A. Monthly B. Bimonthly C. Quarterly D. Annually...

4. A factory operator bought a diesel generator set for P 10,000.00 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8% interest compounded annually, that the final payment will cancel the debt for principal and interest. What is the annual payment ?

   A. P 2,500.57 B. P 2,544.45 C. P 2,540.56 D. P 2,504.57...

5. What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually ?

   A. P 7,654.04 B. P 7,731.29 C. P 7,420.89 D. P 7,590.12...

6. A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments ?

   A. P 43,600.10 B. P 43,489.47 C. P 43,263.91 D. P 43,763.20...

7. A person buys a piece of lot for P 100,000 downpayment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually ?

   A. P 142,999.08 B. P 143,104.89 C. P 142,189.67 D. P 143,999.08...

8. A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually?

   A. 11.50 % B. 11.75 % C. 11.95 % D. 12.32 %...

9. What refers to the cumulative effect of elapsed time on the money value of an event, based on the earning power of equivalent invested funds capital should or will earn ?

   A. Present worth factor B. Interest rate C. Time value of money D. Yield...

10. What is used when a quick estimate of the doubling time for the invested money is needed ?

    A. Rule of 48 B. Rule of 36 C. Rule of 24 D. Rule of 72...