1) Find the present value of an annuity of P29,500 payable at the beginning of each month for 5 years at 10% rate.

Group of answer choices

P2,303,430.24

P1,339,435.37

P2,433,347.81

P1,399,998.62

2) Find the present value of an annuity of P29,500 payable at the beginning of each month for 5 years at 12% rate.

Group of answer choices

P1,339,435.37

P2,303,430.24

P1,399,998.62

P2,433,347.81

3) To raise P1,018,000 as cash payment for a new car at the end of 3 years, a person will make equal deposits in a bank [j=0.20, m=12] at the end of each month for the next 2 1/2 years. Find his monthly deposit.

Group of answer choices

P24,567.23

P25,876.31

P23,934.81

P21,431.91