1-4.Find the total periodic charge to retire a P38,600 debt with quarterly payments for 5 years, using the

following plans:

a) Amortized at 8%(4)

b) Loan at 8%(4) with a sinking fund at 5%(4)

c) Loan at 8%(4) with a sinking fund at 8%(4)

d) Loan at 8%(4) with a sinking fund at 9%(4)

5-8.Aki needs Php20,000 at the end of 3 years. He decides to put his savings every six months in a fund that earns 9% converted semi-annually. Find the periodic deposits, the fund after the 4th deposit, the interest earned in the 6th deposit, the increase in fund on the 5th deposit and construct a sinking fund schedule.

a) R

b) S (after the 4th deposit)

c) Interest earned in 6th deposit

d) IF on the 5th deposit

9. Bellamy borrowed P165000 at 7% interest compounded quarterly and agreed to repay the loan in

quarterly payments of P5000 each. The first payment is due in 2 years. How long will it take him to pay the

loan?

10. Ehrine bought a house amounting to P311,079.85 in installment. She paid P50,000 down payment

and 20 quarterly payments of P25000 each, the first due at the end of 1 year. If money is worth 15% compounded quarterly, find the length of the deferral period.

11. To discharge a debt of P29,000.00, payment of P4,500 each are made at the end of every 3 month for

3 years. At what rate converted quarterly is interest charged?

12. Ephiel bought a house by paying 50,000 pesos down payment and 20 quarterly payments of P25, 000

pesos each the first due at the end of 1 year. If money is worth 15%, compounded quarterly, find the

cash value of the house.

13. A family wants to buy a home costing P60,000.00. If they pay P10,000.00 cash, how much will their

monthly payments be if they get a 20-year mortgage with a rate of 9% converted monthly?

14. Find the present value of an annuity of P2,600 payable every beginning each quarter for 2 years. The

money is worth 4% compounded quarterly.

15. Mr. Tan is planning to purchase a car worth P 1,200,000, 12 years from now , how much should be

placed in a fund at the beginning of each quarter with interest of 20 % ?

16. Mr. Haron was elected when he won a lottery paying P1,000,000 at the beginning at each year for 15

years. Find the amount he must set aside today to satisfy this annually at 12% compounded annually.

17. What amount will accumulate if we deposit P5,000 at the beginning of each year for the next 5 years? Assume an interest of 6% compounded annually.

18. Find the present value of an ordinary annuity that lasts five years and pays P5,000 at the end of each

month, using a nominal interest rate of 3% compounded monthly.

19. Find the future value of a 2,000 ordinary annuity payable every month at the end of 2 yrs. If money is

worth 10% compounded quarterly.

20. Alex borrows 60,000 and agrees to repay it by paying 3,000 at the end of every six months. If the

interest charged is 8% compounded semi-annually, how long will he have to pay?