1. Suppose you had PhP10,000 to invest for one year. You are deciding between a savings account with a 2% annual interest rate compounded daily (Choice A) and one with a 2% annual interest rate compounded monthly (Choice B). you are about to invest in the choice A, but then you realize that since the bank is in Makati, you'll need to spend an extra PhP50 for parking when opening the account. Choice B does not have this cost. Should you change your decision or stick with choice A? Show and explain all supporting calculations. 2. Assume the total cost of a college education will be PhP50,000 when your child enters college in 12 years. You have PhP5,000 to invest today. What rate of interest must you earn on your investment to cover the cost of your child's education