6. Find the present value and compound interest of P 30 000 due at the end of 5 years and 6 months if interest is at 15% compounded quarterly. 7. A certain amount was invested in a fund at a rate of 7 19% simple interest for the first 5 years, at 18% compounded monthly for the next 5 years, and at 14% compounded semi-annually for the remaining years. If the total amount in the fund after 13 years is P 95 300, find the initial amount invested in the fund.Activity 4 Present Value Solve the following. Show your solution. 1. Find the present value of P 300 000 due at the end of 5 years if it is invested at 5% compounded: a. annually b. semi-annually C. quarterly d. monthly 2. What sum is needed to accumulate to P 50 000 in 3 years and 5 months if the interest rate is 7% compounded monthly? 3. Jake wants to have P 20 000 in 2 years to buy a new cell phone. How much money should he invest today in a fund that earns 3% compounded quarterly to get this amount? 4. How much must be deposited today in a bank to accumulate P 100 000 after 5 years if the money earns 3.5% compounded semi-annually? 5. How much must be invested today at 3% compounded monthly to have P 1 000 000 in 15 years