Directions: Answer the following and show the solutions.

1. SIMPLE INTEREST: Find P and F.

r = 12.5%

I = Php5,400

t = 2 1/2 years

2. COMPOUND INTEREST: Find the amount and the compound interest due at the end of the time if money is invented at the given rate.

P = Php500

t = 8 years and 3 months

j = 8% compounded monthly

3. ORDINARY ANNUITY: Find the amount of an ordinary annuity of Php500 every end of the month for 3 years at 12% compounded quarterly. Choose the correct letter below and show the solution.

A. Php31,637.97

B. Php31,673.97

C. Php31,367.97

D. Php31,763.97

4. ANNUITY DUE: If money is worth 8% compounded semi-annually, find the present value of the annuity due paying Php500 semi-annually for a term of 2 1/2 years. Choose the correct letter below and show the solution.

A. Php2,314.95

B. Php2,413.95

C. Php2,314.95

D. Php2,431.95

5. AMORTIZATION SCHEDULE: Jeon Jungkook borrowed Php15,000, with interest at 10% compounded semi-annually, to be repaid in 3 equal semi-annual payments. Find the amount of the periodic payment and construct the amortization schedule.