Horizon Company

Vision
Broadening the horizon; giving the youth the opportunity to increase
their knowledge and experience, thus securing the future of the hope of
our nation.

Mission
Horizon Insurance Company’s aim is the provision of financial
protection and peace of mind for students. We offer insurance plans that
are affordable and suitable for our customers.

Timeline
Table 1. Php 15 every week with an interest rate of 15%, compounded
monthly after several years.

Years Total Paid Maturity Value Compound

(Php) (Php) Interest (Php)
1 780 840.23 60.23
3 2,340 2,949.94 609.94
6 4,680 7,573.38 2,893.38
9 7,020 14,819.70 7,799.70
12 9,360 26,176.81 16,816.81

Fund Required
Table 2. Php 15 every week with an interest rate of 15%, compounded
monthly after several years.

Weekly Interest Number of Time Maturity Compounded

Payment rate per conversions in Value(Php) Interest
(Php) annum per year weeks (Php)

15 15% 12 52 840.23 60.23