8 How much should be put in an investment with a 10% effective annual rate today to have P10,000 in five years? 9. It costs P750 per year to maintain a plot. 9. If the interest rate is 6.0%, how much must be se aside to pay for maintenance on each plot without touching the principal? 10, A loan of P 10,000 is made tod ay at an interest rate of 15%, and the first payment of P3000 is made 4 years later. The amount that is still due on the loan after the first payment is most nearly. 11, Find the nominal rate compounded monthly which is equivalent to 12% compounded quarterly. What is the corresponding effective rate? 12. At age 30 you investP5,000 into a mutual fund. If the fund averages an 8% annual return, your investment is worth how much at age 55? 13. You are buying your first car and need to borrow P830550 over 5 years. If interest is 6%, what are your monthly payments? 14. An investment option is available with continuous compounding at 5% interest. If you investP8,000 now, how much interest income will you earn if you cash out in 3.5 years