A person has saved P25,000 at the end of each month for the last 5 years. If this person has now P1,998,000 in bank account, at what rate compounded monthly does the bank pays?

Group of answer choices

a 13.45%

b 12.32%

c 11.20%

d 10.29%

If a person has an annuity of P17,000 payable at the beginning of each 6 months for 3 years at 11.20%, what is the original size of the debt?

Group of answer choices

a P89,616.98

b P89,435.86

c P89,520.32

d P89,396.20