1. Felix is selling his car for P650,000. His close friend, Lloyd, offers to buy the car at a lower price of P580,000. The two negotiated and agreed on P600,000. What is the fair market value of the car? (2 points] 2. A piece of land with a market value of P700.000 has an expected rate of appreciation of 3% per year. Find the market value of the land in ten years. (3 points] 3. If the money earns 5% compounded quarterly for three years, find the future value for a television set with (a) a payment of P5,000 at the end of every six months and (b) a payment of P2,500 at the end of every quarter. Which has a greater future value?(5 points) 4. A condominium is on sale for P1,000,000. A buyer offers P300,000 down payment for the property, with equal payment of P35,000 every end of the quarter for five years. If the money eams 3% compounded quarterly, find out if the present market value of the condominium unit based on the selling price is satisfied by the agreement. (5 points)