Assume that time today is Dec. 13, 2022. Determine what is being asked in each problem. 1. Determine the value of 110,000 on July 12,2022 assuming ordinary simple interest at 5.14% per annum. 2. Determine the value of P20,000 on May 14,2023 assuming simple discount of 4.96% per annum and using the Banker's Rule: 3. How much is the value of P40,000 on April 13,2024 if money is worth 71/5% effective per year