1. Find the future value of 2000 pesos at an annual compound interest rate of 3% for 3.5 years.If the amount is compounded at the same rate but the number of compounding periods per year is 4, what is the new future value? By how much is the future value increase?

2. For how long must a deposit of 10,000 pesos be left at an account giving interest at an annual interest rate of 3% compounded semiannually to accumulate to 12,000 pesos?

3.At what annual compound interest rate must 3,200 pesos be invested in order to have 3,400 pesos in 2 years?(Use quadratic formula)