1. Yong and Yang plan to settle down 5 years after they graduate. They decide to save jointly immediately after graduation. In the first year, Yang will deposit P25,000, 2nd year, Yang will deposit P30,000; 3rd and 4th year, each will contribute P50,000, and in the 5th year, their rich maninoy will give P50,000. Assuming all deposits are made at the beginning of the year with an interest of 7% annual interest. How much is their total funds for the wedding?

2. The 2Balls Companys sales are forecasted to double from P1million in 2018 to P2million in 2019. The figures in the December 31, 2018 balance sheet (in thousands) follows: Current assets, P500; Net fixed assets, P500; Accounts payable and accruals, P100; Notes payable, P150; Long term debt, P400; Common stock, P100; Retained earnings, P250. The 2Balls fixed assets were used to only 50% of capacity in 2018, but its current assets were at their proper levels in relation to sales. All assets except fixed assets must increase at the same rate as sales, and fixed assets would also have to increase at the same rate if the current excess capacity did not exist. 2Balls after tax profit margin is forecasted to be five percent and its payout ratio to be 60 percent. What is The 2Balls Companys additional fund needed (AFN) for the coming year?