1) An unknown amount of debt was paid by a borrower by a beginning of a quarterly payments of P 45, 500 for a period of four years. What equivalent end of a monthly payments would it be if the given period becomes 5 years? Money is worth 12% effective. (10 points) 2) LEE wishes to provide an educational scholarship for incoming freshmen and deserving EE students. The grant will provides a total allowances of P 250,000 every beginning of a month and every month thereof. What minimum amount of money must the IIEE invest now on a fund that earns 10% compounded monthly to ensure perpetual monthly grants if the scholarship will just to start three years from now? ( 15 points)