Answer the following

I. Show necessary solutions/explanations to support your answer. 1. How much is the interest if you loan P 350,000 for one year at a simple interest rate of 8%? 2. Which of the following is also referred as Banker's rule? Explain your answer. a. exact interest exact time b. exact interest approximate time c ordinary interest exact time d. ordinary interest approximate time e. none of these 3. What is the approximate time from April 8, 1999 to October 25, 1999? 4. How many P500 monthly payments can be withdrawn from an account containing P35,000 and invested at 8% converted monthly. The first withdraw takes place in one Month. 5. On November 15, 2020, Jose Boliva went to BDO Bank and made a loan of P100,000 At 10% ordinary interest for 90 days. What is the maturity value of the loan? Il. In your own understanding, explain the following terms: 1. bonds 2. stocks 3. mutual funds