In: Accounting
1. How much will be the equivalent worth of ₱2M invested today
for three years at a commercial
rate of 10% compounded quarterly?
2. A father wishes to provide his daughter the amount of ₱1M twelve
years from now. How much
should he invest after two years, if it will earn interest at 8%
compounded monthly for the first five
years and 12% compounded quarterly in the next five years?