# November 2004

**Situation**

An investment of P250,000 is made at the end of each year with interest of 2.5% compounded annually.

- Determine the equal-payment-series compound-amount factor after 10 years.
A. 11.203 C. 9.632 B. 10.578 D. 8.736 - Determine the total amount of the investment after 10 years.
A. P2,800,000.00 C. P2,400,000.00 B. P2,600,000.00 D. P2,200,000.00 - How long (in years) will it take for the investment to amount to P10,000,000.00?
A. 25 C. 15 B. 18 D. 28

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