1. If money is worth 12% compounded quarterly, what is (a) the present value and (b) the amount of annuity of 4,332.50 payable at the end of each 3 months for 3 years and 6 months?

2. CMG Finance allows that a housing loan be discharged by a monthly payment of 23,500 for 15 years. If payments are to be made at the ends of each month and money is worth 18% compounded monthly, what is the original value of this agreement?

3. A loan of 400,000 with interest at 8% payable semi-annually is to be repaid through equal semi-annual payments for 5 years. Find the amount of the annuity.

4. In order to have 800,000 in 5 years, Shane deposits an amount each year in a sinking fund earning 6% effective. Find the annual deposit . (Note: effective rate means the nominal rate is compounded annually.)

5. Mrs. Lingad invested 5,000 in a cooperative association at the end of every 3 months for 8 years. If her investment accumulates at 4% compounded quarterly, how much is credited to her (a) just after the 5th deposit is made and (b) at the end of 8 years?

6. How much will be the quarterly payment for a 1.34M loan with interest at 10% converted quarterly for a term of 6 years?

7. Mrs. Lims purchase contract for a house and lot specifies that she will pay 500,000 cash and 45,000 at the end of each month for 10 years at the interest rate of 17% converted monthly. What is the cash value of the house and lot? Round off answer to the nearest peso.

8. Mr. Sandoval wants to have P1M in 5 years. He will make a semi-annual deposits in a fund that earns 5% compounded semi-annually. How much each of these deposits should be?