answer 1-5

1. What is the future value of an annuity if the size of each payment is P2,500, payable at the end of each quarter for 6 years, at an interest rate of 16% compounded quarterly? 2. What is the present value of an annuity if the size of each payment is P30,000 payable at the end of each quarter for 10 years at an interest rate of 7% compounded quarterly? 3. If P10,000 is deposited at the beginning of each month in a bank that pays 12% interest compounded monthly, what is the final value at the end of 3 years and 6 months ? 4. Find the present value of an annuity due of P8,000 payable at the beginning of each quarter for 6 years if the interest rate is 14% compounded quarterly? 5. What is the cash price of a freezer that is payable for P3,500 per quarter for 1.5 years, if the first payment is made now and the interest rate is 8% compounded quarterly