DEFERRED ANNUITY nstruction: Solve the given situations. Show your solutions (5 points each) 1.Emma availed of a cash loan that gave her an option to pay P10,000 monthly for 1 year. The first payment is due after 6 months. How much is the present value of the loan if the interest rate is 12% compounded monthly? 2. Adrian purchased a laptop through the credit cooperative of their company. The cooperative provides an option for a deferred payment. Adrian decided to pay after 4 months of purchase. His monthly payment is computed as P3,500 payable in 12 months. How much is the cash value of the laptop if the interest rate is 8% compounded monthly? 3. Mr. and Mrs. Mercado decided to sell their house and to deposit the fund in a bank. After computing the interest, they found out that they may withdraw P350,000 yearly for 4 years starting at the end of 7 years when their child will be in college How much is the fund deposited if the interest rate is 3% compounded annually