5. If P13,000 is invested at the rate (0.08, m = 2), when will the compound amount be P35,000? wwwwww 6. What simple interest rate would be equivalent to charging 3 1/2% compounded semi-annually, if I lend Nes P2,000 with the agreement that he will pay a single sum of money at the end of 5 years? 7. Tess borrowed a certain sum from Jack on Jan. 8, 1980 and signed a note promising to pay him a total of P10,000 at the end of 5 years. Jack sells this note to Ivan on Jan. 8, 1982. a. pay If Ivan insists on discounting the note at 4% compounded quarterly, what will he for the note? b. If Tess gets permission to delay her payment until Jan. 1, 1988, under the assumption that money is worth (5%, m = 2) after the note matures. What final payment is Tess required to make?