1. Petra sold a house and lot for P1.3M and P500,000 was paid as downpayment.

The balance is to
be paid for 7 years every end of the quarter at 15%, m = 4.How much is the quarterly payment?
2. An obligation of P8,838.51 is to be discharged by making 15 semiannual payments of P940 each.
What is the interest rate?
3. Juana wants to accumulate P18500 in 9 years. Equal deposits are made at the end of each
quarter in an account that pays 7% compounded quarterly. What is the periodic payment?
4. In a series of quarterly payments of P570 each, the first payment is due at the end of 5 years and
the last at the end of 10 years and 9 months. Money is worth 6%, m = 4.What is the present value
of the deferred annuity?
5. An annuity of P630 paid at the beginning of every 3 months for 7 years is worth 10%
compounded semi annually. What is the amount of the annuity?
6. An obligation of P75.000 requires payments at the end of each quarter for four years with interest
rate of 15% compounded monthly. How much is the periodic payment?
7. The present value of a perpetuity is P47,200. Money is worth 9% compounded semi-annually and
payment is made at the beginning of every 6 months. What is the monthly payment?
8. A perpetual fund earns 8% compounded semi-annually and the monthly payment is P63200.
What amount must be placed in the perpetual fund?