PROBLEM 1. Future Value and Compound Interest 1. Fill in the blank items. Future Value Compound Interest Principal Annual Rate P50,000 P25,000 P56,000 12% P23,000 P1,000 13% 15% dictio Term of Loan 4 years 10 years 6 year 5 years 3 years Interest Compounded Bi-monthly Quarterly Annually, Semi-annually Quarterly 10% 2. Convert the given nominal interest rate to periodic interest and the total number of interest periods. Nominal Rate Term of Loan Interest Compounded Periodic rate Number of interest periods 12% 9% 16% 10% 8% 5 years years 4 years 6 years 3 years Annually, Semi-annually Quarterly Bi-monthly Monthly