Topic: Gradient (ECONOMICS). Use 4 decimal places in between process and 2 decimal for the final answer. Show the cash flow diagram. Do not include any unit of measure and comma in your final answer.

1.) An amount of PhP 50,000 was borrowed at an interest of 10% per year and was to be repaid over a 5-year period with annual payments such that the third payment is PhP 2,000 greater than the first two. The fourth payment is PhP 1,000 greater than the third payment and the fifth payment is PhP 1,000 greater than the fourth payment. Determine the size of the first payment.

2.) A man takes a series of 10 annual deposits starting at PhP 2000 at the end of the first year and increasing the amount of deposit by 10% every year thereafter. Find the total amount of the deposits at the end of 10 years. If the rate of interest is 12% per year.