1. Rosendo Reyes is a 22-year old employee with a monthly salary of P16,000. He intends...

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1. Rosendo Reyes is a 22-year old employee with a monthly salary of P16,000. He intends to marry at the age of 30 and desires to have accumulated by then a portfolio value that will yield earnings at the rate of 10% or P20,000 per annum. How much savings should Rosendo have annually? Prove your answer by preparing the schedule of contributions to the portfolio. 1. Rosendo Reyes is a 22-year old employee with a monthly salary of P16,000. He intends to marry at the age of 30 and desires to have accumulated by then a portfolio value that will yield earnings at the rate of 10% or P20,000 per annum. How much savings should Rosendo have annually? Prove your answer by preparing the schedule of contributions to the portfolio.