Math Problem Statement
Exercise 6 4 Solve the following problems: 1. Find the maturity value of P21,000 deposited at 9.5% compounded semi-annually for 3 years and 6 months? 2. Accumulate P95,500 for 7 years at 11 1/2% compounded annually. 3. Aster Atsumi borrowed P20,000 at 8% compounded quarterly. How much will she have to pay at the end of 5 years? 4. Find the compound interest earned if 70,000 is invested for 10 years at 6% compounded monthly? Using the formula F=P(1+i)n
Solution
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Math Problem Analysis
Mathematical Concepts
Compound Interest
Exponential Growth
Formulas
F = P(1 + i)^n
Compound Interest = F - P
Theorems
Compound Interest Theorem
Suitable Grade Level
Grades 11-12
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