Question: MELC 5 Instruction: Based on what you have understand, be able to answer the required activity below. Use a separate sheet of paper for your

MELC 5 Instruction: Based on what you have understand, be able to answer the required activity below. Use a separate sheet of paper for your answer. NOTE: DO NOT ANSWER ANY ACTIVITY FOUND IN MELC 5 1. Suppose Ricardo Dalisay, a high school student, would like to save 191,000 annually in a fund that gives 5% compounded annually. How much is the amount or future value of his savings after 5 years? 2. Suppose Mrs. Caspe would like to save P10, 000 every month in a fund that gives 6% compound monthly. How much is the amount or future value of her savings after 6 months? 3. How much money should you invest today in an account that earns 5% compounded quarterly in order to withdraw 915,000 every year for 4 years

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