ORK%20PROBLEMS%20ON%20COMPOUND%20INTER- o CB Page view A* Read aloud V Draw Highlight Erase 19. If money is worth 5% compounded quarterly, find the equated time for paying a loan of P 150,000.00 due in year 1 and P 280,000.00 due in year 2. 20. If money is worth 6% simple interest find the value (a) today, (b) 3 months from today. (c) 7 months from today, (d) 1 year from today of a debt of P25,000.00 due 9 months from today. 21. A debtor owes P 20,000.00 due in 1 ear with interest at 6%. He agrees to pay P 5,000.00 at the end of 6 months. If money is worth 6%, what payment made at the end of 1 year will retire the rest of the debt? 22. On July 1, 1982, a bank account had a balance of P 80,000.00. A deposit of P 10,000.00 was made on Jan. 1, 1983, and a deposit of P 2,500.00 om Jan. 1, 1984. On April 1, 1985, the sum of P 12,000.00 was withdrawn What was the balance in the account on Jan 1, 1988, if interest is earned at the rate of 4% compounded quarterly. 23. A fund was established in 1985, whose history is recorded below: Deposit of P 10,000.00 on Jan. 1, 1985 Deposit of P 20,000.00 on Jan. 1. 1987 Withdrawal of P 3,000.00 on July 1, 1987 Deposit of P 16,000.00 on July 1. 1988 Withdrawal of P 12,000.00 on Jan. 1. 1989 The fund earned interest at the rate of 3 1/2% compounded semi-annually unul 1988. At that date, the interest rate was augmented to 4% compounded semi-annually. What was the principal in the fund in 1992?