TVM Game 3 (Interest Rates)
Calculate for each Case n-Period and Interest Rates
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Topics of this game:
- Samuel's Water-refilling Company is planning to finance a new machine with a loan of P 20,000. This loan requires him to pay five installments of P 5,276 each. What is the effective annual Interest Rate that Dick is paying for ?
- In 2000, a ticket to the Cultural Center cost P 1,000. In 2020, the ticket is now worth P 3,000. At what annual Rate have ticket prices risen from 2000 to 2020?
- If interest is earned at the rate of 5 percent compounded annually, how long will it take an investment of P 10,000 to grow to P 15,000?
- If interest is earned at the rate of 5 percent compounded annually, how long will it take an investment of P 10,000 to grow to P 20,000?
- If interest is earned at the rate of 5 percent compounded annually, how long will it take an investment of P 10,000 to grow to P 30,000?
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