Question: Please see attachment below 1. What annuity is required over 12 years to equate with a future amount of P20,000? Assume i = 6% annually.

Please see attachment below

1. What annuity is required over 12 years to equate with a future amount of P20,000? Assume i = 6% annually. 2. If P10,000 is deposited each year for 9 years, how much annuity can a person get annually from the bank every year for 8 years starting 1 year after the 9th deposit is made. Cost of money is 14%

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