6. ING company offers a deferred payment option for purchase of any appliance. A man plans to buy a smart television set with monthly payments of P4000 for 2 years. The payment will start at the end of 3 months. How much is the cash price of the TV set if the interest rate is 10% compounded monthly? 7. With a 12% interest rate, approximately how much money you invested today and its future worth in order to withdraw $1000 per year at the end of each year for 10 years