B. DIRECTION: Solve each problem. 1. Lisa receives an amount of P 20 000 deposited in her account on her 18" birthday. If the bank pays 6% interest monthly and no withdrawals are made, how much should be credited in her account on his 21" birthday? 2. James borrows P 5 000 with interest at 15% quarterly. How much should he pay at the end of 2 years and 6 months to settle her debt? 3. Mr. Santos invested P 15 000 in an account for each of his children. The accounts paid 8% compounded serni-annually. Determine the balance of each account for the following: a. The youngest child withdrew the balance after 5 years for college b. The second child withdrew the balance after 8 years to buy a car c. The third child withdrew the balance after 10 years to travel 4. A man wishes to accumulate P 10 000 in 2 years, how much should he invest now at 15% compounded semi-annually? 5. What is the present worth of P 5 000 for 2 years at 12% compounded quarterly? 6. How much should be deposited now at 10% compounded monthly to have P 10 000 in 4 years? 7. Mr. Malakas deposited P 5 000 on the day his son was born. If the money is worth 12% compounded quarterly, how much money will his son have on his 21" birthday? 8. Your father entrusts you with the funds for your college education. He gave you two options: a) receive the money now in the amount of P 200 000 or b) receive P 500 000 ten years from now. An available investment opportunity to you provides a 10% return. Which option would you prefer? Show your calculations and explanation