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Standard of Presenting It. Illustrate The Cash Flow Diagram If Necessary. and Write It On A Clean Sheet of Paper. No Need To Copy The Problem

The document provides 18 math word problems related to interest rates, compound interest, and cash flows. The problems cover topics like calculating accumulated amounts, equivalent interest rates, loan payments, and cash prices for installment purchases. Readers are directed to show their work and solutions according to standard format, and may need to illustrate cash flow diagrams.

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Waleed Osman
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102 views1 page

Standard of Presenting It. Illustrate The Cash Flow Diagram If Necessary. and Write It On A Clean Sheet of Paper. No Need To Copy The Problem

The document provides 18 math word problems related to interest rates, compound interest, and cash flows. The problems cover topics like calculating accumulated amounts, equivalent interest rates, loan payments, and cash prices for installment purchases. Readers are directed to show their work and solutions according to standard format, and may need to illustrate cash flow diagrams.

Uploaded by

Waleed Osman
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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DIRECTIONS: Answer the following problems correctly.

Show your solution according to our set


standard of presenting it. Illustrate the cash flow diagram if necessary. And write it on a clean
sheet of paper. No need to copy the problem.

1.) A man wishes to accumulate ₱3722 after 5 years, 8 months and 28 days. How much should be
deposited by the man in a bank if the ordinary simple interest is 15% per annum.
2.) A man deposited p2000 in a bank at the rate of 15% per annum from March 21, 1996 to October
25, 1997. Find the exact simple interest.
3.) A bank charges 1.5% per month on loan. Find the equivalent nominal rate of interest.
4.) A financing company charges 1.5% per month on a loan. Find the equivalent effective rate of
interest.
5.) A nominal rate of 12% compounded monthly is equal to an effective rate of ______.
6.) Convert 16% compounded semi-annually to an equivalent nominal rate which is compounded
daily.
7.) Find the accumulated amount of ₱1000 after 5 years when deposited in a bank a rate of 16%
compounded monthly.
8.) How long in years will a certain sum of money to triple its amount when deposited at rate of
12% compounded monthly?
9.) How much should be deposited in a bank a rate of 12% compounded continuously for 5 years. If
its accumulated amount is ₱ 9110.60.
10.) An effective rate of interest which is 12.75% is equivalent to what percent if compounded
continuously.
11.) How much is expected to be received by a man that makes a loan of 851.06 which is payable at
once if the bank gave him a discount of 6%.
12.) Find the cash price of a generator which was bought in installment basis that requires a down
payment of p 50000 and payment of ₱30000 after one year, ₱40000 after two years and final
payment of ₱76, 374.34 after 4 years at a rate of 15% per annum.
13.) A man made a loan of ₱ 100000 at a rate of 15% per annum and promise to pay it according to
the following manner, ₱30000 at the end of 1st year, unknown payment at the end of 2nd year.
And a final payment of 76 374.38 at the end of 4th year. Find the unknown payment by the man.
14.) Find the amount of the following payments at the end of 5th year. ₱3000 at the end of 1st yr.,
₱45000 at the end of 2nd year and ₱6000 at the end of 4th year if money worth 12% per annum.
15.) how long in years will a certain sum of money to triple its amount when deposited at rate of
12% compounded continuously?
16.) A bank is advertising 9.5% accounts that yield 9.84% annually. How often is the interest
compounded?
17.) A man borrows ₱2000 for 6 years at 8%. At the end of 6 years, he renews the loan for the
amount due plus ₱2000 more for two years at 8%. What is the lump sum due?
18.) You deposit ₱1000 into a 9% account today. At the end of 2 years you will deposit another
₱3000. In 5 years you plan a p4000 purchase. How much is left in the account 1 year after the
purchase?

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