Exercises 2.1 Solve each problem. 1. A credit card account has an unpaid balance of PB, 210 as of April 5, 2017 Purchases amounting to P4, 045 on groceries and P12: 000 on apparels were made on April 12, 2017 and April 15, 2017, respectively, A cash advance of P10, 000 was credited to the account with flat rate of 3% monthly on April 18, 2017. A cash payment of P15, 000 was made an April 30, 2017. If the company policy excludes cash advances in the computation of the ADB, what is the total finance charges on the May 5 2017 bill if the interest rate on the ADB Is 3:5% per month? 2 On October 12, a customer's credit card had a balance of 818, 1000 Purchases of P5, 000 and P15, 000 were made on October 18 and October 23, respectively. A payment of P28, 000 was made on November 5 if the interest rate on the ADB is 3:25% per month, find the finance charge on the November 12 bill. 3: A bond with face value of P330, 000 and a 4% coupon has a 5-year maturity period. Find the annual interest paid to the bondholder 4." A mutual fund has total assets of P50OM and a total liabilities of PSOM, If there are P1, 500,000 outstanding shares, find the net asset value of the mutual fund- 5. Compute for the dividends paid to the shareholder who has 750 shares of a stock that pays an annual dividend of P35 75 per share. 6. A company invested in a 300-day. P5M worth of Treasury bills at an Interest rate of 2.35%. The bank charged a service fee of P2, 000. Compute for the cost of the Treasury bill