A. 19.61 %
B. 19.44 %
C. 19.31 %
D. 19.72 %
Related Mcqs:
- 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 % - 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 - 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 - 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 - 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 - Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 10% per annum. How much is in the account at the end of the 4th year ?
A. P 4,880.00
B. P 4,820.00
C. P 4,860.00
D. P 4,840.00 - You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank ?
A. P 62.44
B. P44.55
C. P54.66
D. P37.56 - A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year ?
A. P693.12
B. P700.12
C. P702.15
D. P705.42 - A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10% ?
A. P1,549.64
B. P1,459.64
C. P1,345.98
D. P1,945.64 - Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”?
A. 13.15 %
B. 13.32 %
C. 13.46 %
D. 13.73 %
