Ordinary Annuities

9.RFS software needs to accumulate Php 650 000 in 2 years to meet future needs. What regular payment would they need to make at the end of each month, at 12% interest compounded monthly? 10. To supplement his pension in the early years of his retirement, Jonathan plans to use Php 524 500 of his savings as an ordinary annuity that will make monthly payments to him for 20 years. If the interest rate is 4.8%, how much will each payment be