1.

Find the present value and amount of an annuity of P15,250 payable quarterly for 3 years and 6
months at 11% compounded quarterly.

2. To create a fund for his forthcoming business venture, Matthew decides to deposit P5,000 at the end
of each month to his bank account. If the bank pays 2% compounded monthly on his deposits, how
much will he have at the end of 2 years

3. What is the amount of a 5-year ordinary annuity whose present value is P300,000 if money is worth
2.75% interest compounded monthly?

4. To create a fund for his forthcoming business venture, Matthew decides to deposit P5,000 at the end
of each month to his bank account. If the bank pays 1% compounded monthly on his deposits, how
much will he have at the end of 2 years?

5. Mrs. Enciso paid P500,000 as down payment for a piece of property in Tagaytay. The remaining
liability is to be settled by paying P60,000 at the end of each month for 4years. If money is worth 15%
compounded monthly, how much is the cash price of the property?

6. At the end of each 6 months for 6 years, ABC Printing will deposit P70,000 in a depreciation fund to
provide for the replacement of its printing machinery at the end of 7 years. If the fund accumulates at
8% compounded semi-annually, how much is in it (a) just after the last deposit and (b) just after the 5th
deposit?

7. Mrs. Anonas acquired a loan of P60,000 from a credit union that charged an interest of 12%
compounded quarterly. She promised to settle her obligation by making quarterly payments for 3 years.
Find her quarterly payment.

8. To create a fund for the purchase of a brand new car, Frances will make equal monthly deposits to a
bank that pays [3%, m = 12] for 5 years. If she intends to buy a car that will cost her Php 800,000, how
much should she deposit monthly to the bank.

9. Mrs. Gina Joaquin needs a fund of P900,000 to expand her house. To provide for this, she will place
P20,000 at the end of each month in an investment that pays [12%, m = 12]. (a) When will the fund
accumulate to at least P900,000? (b) How many full investments of Php 20,000 are required?