Direction: Provide the step-by-step solutions to the following problems. (5 items x 5 points) 1. What will be the maturity value of P12,000 invested for four (4) years at 15% compounded quarterly? 2. Determine the maturity value of P3,000 invested at 9.5% compounded semiannually for 3 12 years. 3. What amount must be invested now in savings account earnings 9% compounded quarterly to accumulate a total of P21,000 after 4 years? 4. Millet wants to provide a P200,000 graduation gift for her daughter Mae who is now 16 years old. She would like the fund to be available by the time her daughter is 20. She decides on an investment that pays 10% compounded quarterly. How large must the deposit be? 5. Ms. Cruz can buy a piece of property for P6,500,000 cash or P4,000,000 down payment and P4,200,000 in five (5) years. If she has money earning 8% converted quarterly, which is a better purchased plan and by how much? Rubric for scoring: Criteria Points Complete solution with correct answer Last two (2) major steps of the solution are incorrect Half of the solution is correct First two (2) major steps of the solution are correct First major step of the solution is correct 5 4 3 2 1