Problem 1: Simple interest and compound interest What is the accumulative simple interest and the accumulative compound interest given that the principal amount is PhP 10,000.00; interest rate is 9% for three years. Also, calculate for the difference between compound and simple interest. Problem 2: Future value of money You are to invest PhP 13,000.00 for six years at 8 percent per year compounded quarterly. How much will you have in six years? Problem 3: Future value intra-year compounding You are considering either depositing Php 9,000.00 to Queen Bank that offers 12 percent per year compounded monthly, while King Bank offers 15 percent but will only compound annually. Which of the two banks offer a maximum return? Problem 4: Simple interest Ali deposited PhP 2,500.00 in an account that pays 6% simple interest. How much money will he have at the end of 3 years? Problem 5: Future value annual compounding What is the future value of PhP 260.00 invested for 32 years at an average rate of return of 7%