ACTIVITY 1. Calculate the future value of simple ordinary annuity.
1. Reden and Redenton are twins. After the graduation and being finally able to get a
good job, they plan for retirement as follows.
* Starting at the age of 20, Reden deposits P15,000.00 at the end of each year for 30 years.
* Starting at age 35, Redenton deposits P20,000 at the end of each year for 18 years.
Who will have the greater amount at retirement if both annuities earn 12% per year
compounded annually?
2. If you pay P100.00 at the end of each month for 25 years on account that pays interest
at 9% compounded monthly, how much money do you have after 25 years?​