achieve this goal. If ald be her monthly deposit? 28. If you can save P 875 at the end of each month, how long will it take you to accumulate P100,000, if a you get a 6% compounded monthly on your savings? 29. The present value of an annuity is P75,000. Quarterly payments of P5,000 are invested at 4% compounded quarterly. How many regular payments will be made? 30. Russel purchased a brand new car. He paid P250,000 down payment, and P 16,500 payable every 17th day of each month for 5 years. If money is worth 8% compounded monthly, what is the equivalent cash price of the car? 31. What amount must be set aside on Harvey's 7th birthday which will provide 24 quarterly payments of P5,000 for school expenses, if the first payment is to be made on his 18th birthday, being a freshman in college? Assume that money is worth 6% compounded quarterly? 32. Find the value on May 30, 2019 of a sequence of P15,000 monthly payments, the first payment to be made 5 years after, and the last payment on December 30, 2029, if money is worth 5% compounded monthly 3 4 mont 143