Question: MAKE A CASH FLOW DIAGRAM FOR EACH ITEM 4. A father wishes to provide P20,000 for his son's 21st birthday. How much should he deposit

MAKE A CASH FLOW DIAGRAM FOR EACH ITEM

MAKE A CASH FLOW DIAGRAM FOR EACH ITEM 4. A father wishes

4. A father wishes to provide P20,000 for his son's 21st birthday. How much should he deposit every 6 months in an account with an interest of 3% compounded quarterly. if the rst deposit is made when his son is 4 year old? 5. A student borrows ?80,000 at an interest rate of 8% compounded quarterly. He must pay back the loan over 5 years with uniform monthly payment due on the rst day of each month. What does the student pay each month? 6. An engineer loan an amount of ?250,000 at a local commercial bank at 10% compounded annually. How much is his monthly payment if he is required to pay at the beginning of the first day of the month for a period of 20 years

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