PA ANSWER PO PLEASE 1.Compute for the compounded interest of 100,000 php invested at 5% interest compounded annually after 2 years.
a. Php 10,250.00
b. Php 100,250.00
c. Php 110,250.00
d. Php 110,500.00

2.Find the effective rate equivalent to 19% compounded quarterly.
a. 1.91%
b. 20.40%
c. 27.84%
d. 20.23%

3.What nominal rate compounded monthly is equivalent to 16% effective rate?
a. 1.59%
b. 30.05%
c. 15.03%
d. 14.93%