2. Compute the maturity value of the loan based on simple interest. P r t A (Maturity value) 150,000 Php 11% 1 year 4. College Savings Plan. A couple wishes to invest money today for their son's college education when he turns 18. They expect a 4-year college degree to cost them 1 million pesos. Their son is only 2 years old today. What amount must they deposit in an account that pays 1.50% a year compounded quarterly in order to pay for their son's college education? A r n t P =