1 x (1.03)40 = 3.26
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
1200
556.34
556.34
730.43
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
$491
74 or 75 years
$5,052.22
750 invested for 10 years at 10% pa would be 1,945
Since the annual interest rate is given, the fact that the interest is calculated and compounded quarterly is not relevant. The interest is 750000*2.5/100 = 18750 pesos.
$44,440.71
4795.65 (approx).
500 invested for 5 years at 7% interest compounded annually becomes 701.28
$5,249.54
1200
556.34