TVM Game 2 (Interest Gain)
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See more in Business Management & Administration
Calculate for each Case PV, FV and Interest Gain
Topics of this game:
- If you deposit P 48,313 in the bank and leave it there for one year, at the end of the year, the P 48,313 will earn an interest. The cooperative pays 5% or 0.05 interest per year.The total amount at the end of the year ___________________
- What will be the interest earned after one year if the principal is P 43,681 and the interest rate per year is 3% p.a.? What will be the future value of this investment?
- If you leave P 48,313 to earn interest for a year, at the end of the year, you will earn an interest at 2% rate p.a. However, if you do not withdraw anything in the bank, your principal and interest will grow. The interest added to your principal balance equals the new principal will earn another 2% interest rate year after year. Total interest earned after 2 years without withdrawal is ____________
- Mrs. Clarity Chavez put P 28,000 in a time deposit that earns 4% interest per annum. How much money will she have after 5 years if she doesn't withdraw the interest or the principal?
- Ms. Constance puts in P 26,502 in a time deposit that earns 2.5 % per year. How much Interest Gain will she earn after 5 years if she withdraws the interest every year and leaves only the P 26,502, the original principal deposit, in the time deposit?
- Ms. Temperance puts in P 43,681 in a time deposit that earns 2.5 % per year. How much Interest Gain will she earn after 5 years if she does not withdraw the interest and keeps both the principal deposit and the interest in the time deposit for 5 years untouched?
- On the day his son was born, Sean set aside P 100,000 and invested it at 2% interest compounded semi-annually (every 6 months). He said he will give it as a gift to his son on his eighteenth birthday. How much did Mr. Sean’s Son total cash received from the investment on Time Deposit from his father, on his eighteenth birthday?
