Jeanelle is planning to borrow money amounting to ₱ 250,000.00 Limbon Rural Bank is offering 1.25% compounded semi – annually, while Buli Cooperative Bank offers 1% compounded monthly. 12.How much will be the maturity value after 5 years if he borrows from Buli Cooperative Bank? a. ₱ 207,560.78 b. ₱ 262,812.30 c. ₱ 376,431.54 d. ₱ 386,221.32 13.What will be the interest after 5 years if he borrows from Limbon Rural Bank? a. ₱ 126,716.66 b. ₱ 117,071.88 c. ₱ 42,339.32 d. ₱ 16,071.86 14.What will be the interest after 5 years if he borrows from Buli Cooperative Bank? a. ₱ 136,221.32 b. ₱ 126,431.54 c. ₱ 12,812.30 d. ₱ 2,812.53 15.Which bank offers the smaller interest? a. Both b. None c. Limbon Rural Bank d. Buli Cooperative Bank

Jeanelle is planning to borrow money amounting to ₱ 250,000.00 Limbon Rural Bank is offering 1.25% compounded semi – annually, while Buli Cooperative Bank offers 1% compounded monthly. 12.How much will be the maturity value after 5 years if he borrows from Buli Cooperative Bank? a. ₱ 207,560.78 b. ₱ 262,812.30 c. ₱ 376,431.54 d. ₱ 386,221.32 13.What will be the interest after 5 years if he borrows from Limbon Rural Bank? a. ₱ 126,716.66 b. ₱ 117,071.88 c. ₱ 42,339.32 d. ₱ 16,071.86 14.What will be the interest after 5 years if he borrows from Buli Cooperative Bank? a. ₱ 136,221.32 b. ₱ 126,431.54 c. ₱ 12,812.30 d. ₱ 2,812.53 15.Which bank offers the smaller interest? a. Both b. None c. Limbon Rural Bank d. Buli Cooperative Bank

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 14P

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