Exercise 1; Compute the Simple Interest and the Maturity Value. Principal Interest Rate Time Interest Maturity per Year Value (F) 50,000 8% 2 years 2 1,000,000 12.7% 18 months 3 64,400 5 1/2% 7 months 4 750,000 10 3/4% 6 months 5 800,000 15% 31/2 years 540,000 11.9% 2 years 337,500 8.4% 10 months 8 1,250,000 12 1/2% 5 months Note: the interest rate given is per year, so if the term is in months, convert it to year ( 1 year = 12 months) Example: 3 months x 1 year = 0.25 year 12monthsExercise 2: 1. An investment amounting to P300900 has an annual interest of 4%. How much discount will you get for paying the loan in 8 months? How much is the proceeds? 2. If you applied for a time deposit with an amount of P60.000 and an annual interest rate of 5%, the bank will give you a discount of P5300. How long did the money stay at the bank? 1. Calculate the amount borrowed in a lending company with discount of P630 at annual interest rate of 4.2% paid in 9mos. ..docx A