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Unformatted text preview: % EXAMPLES
3.) A man expects to buy a high end laptop worth P100,00 in 3 yrs. He decides to put his savings
every 6 months in a fund that earns 8% converted semi-annually. a.) how much should he put in
semi-annual payment? b.) how much is in the fund after the 4th deposit? c.) Construct a sinking
Period Amount in the
fund at the
(at the end of beginning of the
at the end of
period Sinking fund
deposit at the
end of period Amount in the
fund at the end
of period 1 P P 0.00 P15,076.19 P15,076.19 2 P15,076.19...
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This document was uploaded on 02/26/2014.
- Spring '14