Assume that you plan to buy a car 10 years from now, and you estimate that you can save P150,000 per year. You plan to deposit the money in a bank account that pays 5% interest, and you will make your first deposit at the start of the year. How much will you have after 10 years? It is now January 1, 2022. Today you will deposit $100,000 into a savings account that pays 8%. What will your January 1, 2023 balance if the bank uses quarterly compounding? If you deposited P200,000 in a bank account that pays 6% annually, how much will be your account after 5 years? Question 8 of 11 The value of an investment of $3,500 after 2 years if it earns 1.5% compounded quarterly is $3,606.32 It is now January 1, 2022. Today you will deposit $100,000 into a savings account that pays 8%. If the bank compounds interest annually, how much will you have on the account on January 2023? It is now January 1, 2022 and you will need P100,000 on January 1, 2026. Your bank compounds interest at an 8% annual rate. How much must your deposit today to have a balance of P100,000 on January 1, 2026