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1. If Mark deposits P3,000 at the end of every 3 months to a bank that pays 2.5% compounded quarterly, how much is credited to

1. If Mark deposits P3,000 at the end of every 3 months to a bank that pays 2.5% compounded quarterly, how much is credited to his account just after his 20th deposit?

2. In preparation for the college education of her son, Mrs. Calara will deposit P2,400 at the end of each month for 5 years in a fund earning 4.5% compounded monthly. How much is in the fund (a) just after the 15th deposit and (b) just after the last deposit?

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