Instruction: Based on what you have understand, be able to answer the required activity below. Use a separate sheet of paper for your answer. DO NOT ANSWER ANY EXERCISES FOUND IN MELC 6. Read and understand each problem. Identify if the given problem is simple annuity or general annuity. 1. Ann's parents are planning for a house lease agreement. How much money will they prepare in a house that has 6% interest rate compounded annually in order to pay ?30,000 semi-annually for 5 years? How much money should you invest today in an account that earns 5% compounded quarterly in order to withdraw ?10,000 every year for 4 years? Miriam borrowed money and promised to cancel her debt 5 years by paying ?3,500 at the end of each year with interest at 4% compounded annually. Kish, a promising pop star, plans to save money for the future. She will set aside ?15,000 at the end of every quarter and put it on an investment company where her money will grow by 4.5% monthly. She will do this for 20 years. Meriam started to join the barangay's cooperative and agreed to contribute ?l ,000 per month starting in Setember 2021, which will earn 4.1% compounded semi-annually