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ACTIVITY 1: FUTURE AND PRESENT VALUE OF ANNUITY Instructions: Read and analyze each question carefully, answer the given real-life word problem. Show your solution based on the given below. Organize and label your work on your answer sheets. 1. Mr. Ribaya paid P200, 000 as downpayment for a car. The remaining amount is to be settled by paying P16, 200 at the end of each month for 5 years. If interest is 10.5% compounded monthly, what is the cash price of his car? 2. In order to save for her high school graduation, Marie decided to save P200 at the end of each month. If the bank pays 0.250% compounded monthly, how much will her money be at the end of 6 years? 3. Paolo borrowed P100, 000. He agrees to pay the principal plus interest by paying an equal amount of money each year for 3 years. What should be his annual payment if interest is 8% compounded annually? 4. Find the future value of an ordinary annuity with a regular payment of PI,000 at 5% compounded quarterly for 3 years. 5. Find the present value of an ordinary annuity with regular quarterly payments worth PI,000 at 3% annual interest rate compounded quarterly at the end of 4 years