Choose the correct answer( with solving)

1- A person buys a piece of lot for P 100,000 down payment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually? A. P 142,999.08 B. P 143,104.8 C. P 142,189.67 D. P 143,999.08 2- A Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded. A. Monthly B. Bimonthly C. Quarterly D, Annually 3- A person borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan? A. P 6,999.39 B. P 6,292.93 C. P 6,222.39 D. P 6,922.93 4- If you put a sum of P1,000 and becomes P1,608.44 after 4 years compounded bimonthly, the nominal interest is: A. 11.89 % B. 12.00% C. 12.08 % D. 12.32% 5. What is the present worth of a P 500 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 10%! A. P 727.17 B. P 717.17 C.P 714.71 D. P 731.17