1. Find the future value and present value of an annuity of P15,000 payable at the end of every three months for 30 payments. The first payment is due at the end of seven years. The interest rate is 11% compounded quarterly. 2. Binnie Blanche purchased a dining set for P80,000 on May 13, 1998. She paid P10.000 cash and agreed to pay the balance plus interest at 9.5% compounded annually in 14 annual payments, with the first payment due on May 13, 2001. What is the size of payment