Course Hero Logo
Question
Answered step-by-step

1.To create a fund of P1,000,000, how many deposits of P48,000 must...

1.To create a fund of P1,000,000, how many deposits of P48,000 must be placed at the beginning of each month if money accumulates at the interest rate of 6% compounded monthly?


2.ROP Treasury offers to sell you a bond for $651.60. No payments will be made until the bond matures eight years from now, at which time it will be redeemed for $1,000. What interest rate would you earn

Answer & Explanation
Verified Solved by verified expert

trices ac magn

itur laoreet. Nam risus

inia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam l

Unlock full access to Course Hero

Explore over 16 million step-by-step answers from our library

Subscribe to view answer
Step-by-step explanation

ff

gue

  • risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolo
  • iscing elit. Nam lacinia pulvinar tortor nec facilisis. Pe
  • at, ul

nec facilisis. Pelle

ng elit. Nam lacini

dictum vitae odio. Donec aliquet. Lore

, consectetur adipiscing elit. Nam lac

ng elit. Nam lacinia

cing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a mol

gue

ultrices

nec facili

or nec

s a mol

ec aliquet.

ipiscing elit. N

consectetur adipiscing elit. Nam

gue

at

  • congue vel laoreet ac, dictum vitae odio. Donec aliquet
  • gue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit
  • a mole

ipsum dolor sit am

inia pulvinar tortor nec facilisis. Pellentesque dapibus

m ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvina

fficitur laoreet. Nam risus ante, dapibus a

gue

Fusce dui

s a molesti

sque dapi

Do

gue

gue

gue

Student reviews
80% (5 ratings)
Other answer

trices

, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectu

Unlock full access to Course Hero

Explore over 16 million step-by-step answers from our library

Subscribe to view answer
Step-by-step explanation

ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat

onec aliquet. Lorem ipsum dolor sit

m ipsum dolor sit amet, c

dictum vitae odio. Do

, ultrices ac magna. Fusce dui le

, ultrices ac magna. Fusce dui lectus, congue v

ipiscing elit. Nam lacinia pulvinar tor

onec aliquet. Lorem ipsum dolor sit a

ipsum dolor sit amet, consectetur adipi

Donec aliquet. Lorem ipsum dolor sit

Fusce dui lectus, cong

lestie consequat, ult

ipsum dolor sit ame

usce dui lectus, congue ve

a molestie consequat, ultri

ultrices ac magna. Fusce dui

trices

, consectetur adipiscing elit. Nam lacinia pulv

ctum vitae odio. Donec aliq

a. Fusce

ce dui lectus, congue vel

dictum vitae odio. Donec aliquet. Lorem ipsum dolor

icitur laoreet. Nam risu

at, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odi

congue vel laoreet ac, dictu

risus ante

gue

gue

Student review
100% (1 rating)