MATH01-SW

Answer the following problems. Write your solution (listing of the given values and formula substitution)
in a short bond paper. Deadline: 10:30AM.

1. Mr. Reyes pays Php500,000 cash and the balance in 18 payments of Php29,000 made at the end
of every quarter for a house and lot. If money is worth 12% converted quarterly,
a.) how much did Mr. Reyes pay in total?
b.) what is the cash value of the house and lot?
2. How much should be invested in a fund at the beginning of every six months in order to
accumulate Php500,000 at the end of 20 years if the fund is invested at 8% converted semi-
annually?
3. In a series of quarterly payments of Php10,500 each, the first payment is due at the end of 3
years and the last at the end of 6 years and 3 months. If money is worth 5% compounded
quarterly, find the present value and future value of the deferred annuity.