Question: Analyze then solve the following problems. 1. Find the amount of an annuity of P5000 payable at the end of each 3 months for

Analyze then solve the following problems. 1. Find the amount of an annuity of P5000 payable at the end of

Analyze then solve the following problems. 1. Find the amount of an annuity of P5000 payable at the end of each 3 months for 8 years, if money is worth 12% compounded quarterly? 3. If money is worth 7 %2% converted semiannually, what single payment now is equivalent to 10 semiannual payments of P62,500? 2. A man deposited P300,000 in a fund paying 9%, compounded semiannually. How much may be withdrawn at the end of each 6 months for 5 years so that nothing will be left in the fund after the last withdrawal? 4. If money is worth 7% to the buyer of a lot, which is better for him and by how much: to pay P250,000 cash or P60,000 a year for 5 years?

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