1) A person has saved P25,000 at the end of each month for the last 5 years. If this person has now P1,998,000 in bank account, at what rate compounded monthly does the bank pays?

Group of answer choices

13.45%

12.32%

11.20%

10.29%

2) If a person has an annuity of P17,000 payable at the beginning of each 6 months for 3 years at 11.20%, what is the original size of the debt?

Group of answer choices

P89,616.98

P89,435.86

P89,520.32

P89,396.20