Assume that time today is Dec. 13, 2022. Determine what is being asked in each problem. 1. How much is ₱10,000 worth on Dec. 13, 2024 if force of interest is given by 0.08+0.005t? 2. How much is ₱50,000 worth at the end of three years from today, if interest is paid 1.43% per quarter on the first year, 8.4% convertible monthly on the second year and 3.5% force of interest on the last year? 3. Ken has cash receipts at the end of each month amounting to ₱5,000 with the first being received on Jan. 13, 2023 and the last one on Dec.13, 2023. What is the net value today of all these cash receipts if interest is 9.6% compounded monthly?

Assume that time today is Dec. 13, 2022. Determine what is being asked in each problem. 1. How much is ₱10,000 worth on Dec. 13, 2024 if force of interest is given by 0.08+0.005t? 2. How much is ₱50,000 worth at the end of three years from today, if interest is paid 1.43% per quarter on the first year, 8.4% convertible monthly on the second year and 3.5% force of interest on the last year? 3. Ken has cash receipts at the end of each month amounting to ₱5,000 with the first being received on Jan. 13, 2023 and the last one on Dec.13, 2023. What is the net value today of all these cash receipts if interest is 9.6% compounded monthly?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 36P

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