What is the effective rate corresponding to 18% compounded daily? take 1 year is equal to 360 days.

MCQ VIII351. A couple borrowed P4,000 from a lendingcompany for 6 years at 12%. At the end of 6 years,it renews the loan for the amount due plus P4,000more for 3 years at 12%. What is thelump sumdue?352. How long (in years) will it take the money toquadruple if itearns 7% compounded semi-annually?153. P200,000 was deposited on Jan. 1,1988 at aninterest rate of 24% compounded semi-annually.How much would the sum be on Jan. 1, 1993?354. If P500,000 is deposited at a rate of 11.25%compounded monthly, determine the compoundedinterest after 7 years and 9 months.A. P690,849B. P680,686C. P670,258D. P660,592355.) P200,000 was deposited at an interest rate of24% compounded semi-annually. After how manyyears will the sum be P621,170?D. 6 years356. A bank is advertising 9.5% accounts thatyields 9.84% annually. How often is the interestcompounded?357. A marketing company established a programto replace the cars of its sales representatives atthe end of every 5 years. If the present price of theapproved type of car is P520,000.00 with a resalevalue at the end of 5 years of 60% its presentvalue, how much money must the companyaccumulate for 5 years if inflation annually is 10%.Release value will also appreciate at 10% yearly.358. In year zero, you invest P10,000.00 in a 15%security for 5 years. During that time, the averageannual inflation is 6%. How much, in terms of yearzero will be in the account atmaturity?A. P15,386.00B. P13,382.00C. P15,030.00D. P16,653.00359. A machine has been purchased and installedat a total cost of P18,000.00. The machine will beretired at the end of 5 years, at which time it isexpected to have a scrap value of P2,000.00 basedon current prices. The machine will then bereplaced with an exact duplicate. The companyplans to establish a reserve fund to accumulate thecapitalneededtoreplacethemachine.an average annual rate of inflation of 3% isanticipated,howmuchcapitalmustaccumulated?Ifbe

349.What is the corresponding effective interest rate of 18% compounded semi-quarterly?

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350.If P5000 shall accumulate for 10 years at 8% compounded quarterly, find thecompounded interest at the end of 10 years.A. P6,005.30B. P6,040.20C. P6,000.00D. P6,010.20

351.A couple borrowed P4,000 from a lending company for 6 years at 12%. At the end of 6years, it renews the loan for the amount due plus P4,000 more for 3 years at 12%. What is thelump sum due?

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352.How long (in years) will it take the money to quadruple if it earns 7% compounded semi-annually?

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353.P200,000 was deposited on Jan. 1,1988 at an interest rate of 24% compounded semi-annually. How much would the sum be on Jan. 1, 1993?

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354.If P500,000 is deposited at a rate of 11.25% compounded monthly, determine thecompounded interest after 7 years and 9 months.A. P690,849B. P680,686C. P670,258D. P660,592

355.355P200,000 was deposited at an interest rate of 24% compounded semi-annually.After how many years will the sum be P621,170?

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356.A bank is advertising 9.5% accounts that yields 9.84% annually. How often is the interestcompounded?

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What is the effective rate corresponding to 18% compound daily take one year is equal to 360 days?

What is the corresponding effective rate of 18% compounded?

What is the effective rate of 18% compounded monthly quizlet?

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