ASSIGNMENT Copy and Answer

1 Joseph owes Henry ₱19,000 due in 4 years and ₱70,000 due in 8 years. They agreed that
the two obligations will be paid by a single payment at the end of 6 years. If money is
worth 10% compounded semi-annually, find the single payment to be made.

2 Helen deposited ₱4,000 every end of 3 months for 8 years at Metrobank at 8%

compounded quarterly. After 8 years, how much is Helen’s deposit?
3 Find the present value of ₱4,200 ordinary annuity payable monthly for 3 years, if money
is worth 9% compounded monthly.
4 A female OFW bought a house and lot upon her return from Singapore for ₱600,000. a
down payment of ₱250,000 was made and the balance was payable at the end of every
month for 3 years and 9 months. If money was worth 15% compounded monthly, find
the quarter payments.
5 How long will it take to raise ₱90,000 by depositing ₱4,400 every end of 6 months, if
money is worth 15% compounded semi-annually?