1. You decide to buy a PC for Php40,000 and agree to pay for it with 12 equal monthly payments at 2% interest per month. How much is your monthly annuity?

a. Php3,872.38

b. Php3,782.38

c. Php3,827.38

d. Php3,728.38

2. You decide to buy a PC for Php40,000 and agree to pay for it with 12 equal monthly payments at 2% interest per month. What is the total interest paid?

a. Php259.44

b. Php1,468.56

c. Php928.56

d. Php5388.56

3. A freshman management student deposits Php1,500 per month into an account that pays 4.8% interest compounded monthly. She's planning to use this sinking fund as a business capital when she graduates. How much money will she have after 4 years?

a. Php65,391.37

b. Php79,202.46

c. Php171,613.96

d. Php97,202.46