1. If 13,000PhP is due on December 2, 2013, find its present value on June 2, 2010 if money was invested at 10% compounded semiannually. 2. The buyer of an automobile pays a 150,000PhP down payment and the balance of 500,000PhP to be paid two years later. What is the cash price of the automobile if money is worth 12% converted annually? 3. At what rate converted semiannually will an investment of 40,000PhP earn interest of 12,000PhP in 5.5 years? 4. Elaine borrowed 100,000PhP with interest at 12% compounded quarterly and agreed to pay 305,000PhP to settle this debt. For how long was the money borrowed