1. A man invested P200,000 in an investment fund that earns 8% compounded annually on his 24th birthday. This fund is intended as a retirement fund that may be redeemed starting at his 60th birthday. If converted to monthly pension, how much can he withdraw monthly starting at his 60th birthday. Assume that rates remained constant. 2. I purchased a unit in a condotel for P2.4M discounted price if paid in cash. For furnishing, additional P200,000 is needed. Maintenance expenses in keeping the room in pristine condition amounts to P10,000 per year for 5 years starting on the 6th year and will increase to P15,000 thereafter. If repairs were assumed at P20,000 every 5 years, determine the 5 capitalized cost 3. To franchise a business, an entrepreneur consulted 3 different financing companies to decide where to loan money for his business. Company A is willing to lend him P500,000 at a discount rate of 12.5% per annum for 1 year. Company B can lend the same amount with 44,893.56 monthly amortization for 1 year while Company C offers it at 14.5% per year. Determine which company gives the best offer. 4. With payments made at the beginning of every quarter, how much must I save at 8% compounded semi-annually for 10 years to be able to withdraw P100,000 for 5 years starting at the beginning of the 11th year. 5. Sta. Elena Golf & Country Estate wants to have a swimming pool in the vicinity. The general contractor presented a reinforced concrete design for the swimming pool which needs an initial investment of P21000000. By approximation of costs, refinishing including repaints of the inner surface would amount to P2750000 every 10 years. Determine the present worth of all costs assuming an infinite use for the pool. Prevailing rate of interest is 5% 6. Ms. Manalo is a conservative investor. Since she learned that bonds are low risk, she tried her first RTB from Land Bank of the Philippines. If a P130000 bond certificate issued under her name matures after 10 years where redemption is at 115%, find the nominal yield if she invested P115300 for a semi-annual coupon rate of 3%