GRADE & SECTION: DATE: Solve the following problems with complete solution. (5points each) 1. In order to save for his senior high school graduation, Philip decided to save P500 at the end of each month. If the bank pays 0.35% compounded monthly, how much will his money be at the end of 5 years? 2. Mr. Jimenez paid P300,000 as down payment for a house and lot. The remaining amount is to be settled by paying P23,000 at the end of each month for 10 years. If interest is 10% compounded monthly, what is the cash price of his house and lot? 3. A credit card company offers a deferred payment option for the purchase of any appliance. Jane plans to buy a smart television set with monthly payment of P3,500 for 2 years. The payment will start at the end of 5 months. How much is the cash price of the TV set if the interest rate is 10.5% compounded quarterly