1. What is the general formula in getting the future value of money? 2. What is the formula in getting the FVIF? 3. Compute for the future value at the end of the term for each scenario using Equation or FVIF table? You invested PHP 50,000 in stock that yields 6% annually for 2 years. Your sister deposited in bank (time deposit) amounting to PHP 150,000 with a rate of 5% per annum for 5 years * Your mother acquired a car loan for PHP 1,500,000 with annual rate of 10% for 3 years. 4. What is the general formula in getting the present value of money? 5. What is the formula of PVIF and How do you use the PVIF table based on a given time period and interest rate? 6. Compute for the present value at the end of the term for each scenario using Equation or FVIF table? Company X's accounting year ends on December 31 of each year. On December 31, 2019 Company X received a promissory note from Corp. Y in exchange for services provided by Company X. The fair market value of the services is not known, and the fair market value of the note is not known. The note is for 20,000 and it is due on December 31, 2021. No interest is specified in the note. Company X computed the present value of the note to be 16,000 as of December 31, 2019. The amount of service revenue that Company X should report in 2019 is PHP The amount of interest revenue that Company X should report in 2019 is PHP The carrying value of the note at December 31, 2019 is The amount of interest revenue that Company X should report in 2020, if it amortizes the discount on notes receivable by using the straight-line method is If the 4,000 of discount is a significant amount in light of Company X's net income and other financial information, the method of amortization should be used