pa sagot po with solution please.

1. Mr. Moreno started to deposit Php. 5,500 quarterly in a fund that pays 2.5% compounded monthly. How much will be in the fund after 6 years?

2. The buyer of a lot pays php. 50,000 cash and php. 14,500 every month for 10 years. If money is 8% compounded annually. How much is the cash value of a lot?

3. How much should be invested in a fund each year paying 3% compounded semi-annually to accumulate php. 150,000 in 6 years?

4. A high school student would like to save php. 60,000 to his graduation. How much should he deposit in a savings account every 3 months for 6 years if interest rate is a 0.25% compounded monthly?


5. A television (tv) set is for sale at php. 13,499 in cash or an installment term. Php. 2,599 each month for the next 6 months at 8.9% compounded quarterly. If you were the buyer, what would you prefer, cash or installment?​