12 What is the future worth of P600 deposited at the end of every month for 4 years if the interest rate is 12% compounded quarterly Any P36.641 13. A young woman 22 years old, has just graduated from college. She accepts a good job and desires to establish her own retirement Fund Ar the end of each year thereafter she plans to deposit P2,000 in a fund at 15% annual interest. How old will she be when the fund has an accumulated value of P1.000.000 Ans. 53 years old 14 Mr Reyes borrows P600 000 at 12% compounded annually areng to repay the loan in 15 equal annual payments. How much of the original principal is still unpaid after he has made the 8th payment? Ans P 402,040