ANSWER THE FOLLOWING:

A)A contract calls for the payment of P449,062 at the beginning of each year for the next 11 years, and P282,146 at the beginning of each year for the following 4 years. Find the present value of the payments if money is worth 7% effective.

B)A fund to replace a deteriorating machine will be formed by depositing P6,605 in the fund at the beginning of each quarter for 7 years. If the fund accumulates at 3% compounded quarterly, how much is in it at the end of 7 years?

C)A man agrees to make equal payments at the beginning of each six months for 6 years to discharge a debt of P72,608, due now. If money is worth 7% compounded semiannually, find the semi-annual payment.

D)At retirement, a man finds that his share of a pension fund is P1,512,708. What payment will this provide at the beginning of each month for 240 months, for him or his estate, if the fund is invested at 5% compounded monthly.