Question: Indicate the solutions. REMEMBER: Do NOT just write down the final answer. Show all necessary solutions and/or explanations. Each problem is worth 5 points. I.

Indicate the solutions.

REMEMBER: Do NOT just write down the final answer. Show all necessary solutions and/or explanations. Each problem is worth 5 points. I. Simple Interest (a) Find the interest on a loan of P 120,000 for 4 years at a rate of 9%. (b) Find the maturity value of a loan of P 1.3 million for 3 years that has a rate of 21%. (c) Calculate the simple interest due on a 180-day loan of P 35,000 if the annual interest rate is 6%. II. Compound Interest (a) Calculate the compound amount when P 136.000 is deposited in an account earning 6% interest, compounded semiannually, for 3 years. (b) Calculate the future value of P 55,000 earning 12% interest, compounded daily for 4 years. III. Present Value Suppose you want to earn a million pesos in 4 years by investing your money in an account. How much money should you invest if the account earns 10%, compounded semiannually

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