1. engr.

mariano paid a 12% down payment of 220,000 for a house and lot and agreed to pay the
balance on monthly installments for 5 years at an interest rate of 15% compounded monthly.
what is the monthly installment?
2. engr. duad wants to get a lump sum of 4 million pesos when he retires at the end of 20 years.
how much in pesos, should he deposit every end of 3 months in a fund that give an interest rate
of 10% compounded quarterly to satisfy his desire?
3. engr. mendrozo constructs a house and sells it on monthly installments of 25,000 pesos. it will
be fully paid in 10 years. if the rate of interest is 12% compounded monthly, what is the
equivalent cash price in pesos of the house?
4. engr. calbang creates and educational plan for is newly born son by depositing 1,500 pesos
every end of the month in a fund that pays a rate of 8% compounded monthly. how much lump
sum could he withdraw from the fund when he enters college at the age of 19?
5. an endowment of 10,000 will start now and continues every 3 months interval for 8 years. if
money is worth 5% compounded quarterly, what is the present value of this annuity?