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I. Annual Interest, Total Interest, and Amount to be received or paid at the end of the term for each scenario using a simple interest

I. Annual Interest, Total Interest, and Amount to be received or paid at the end of the term for each scenario using a simple interest assumption:

1. Your mother invested Php 18,000 in government securities that yields 6% annually for two years.

2. Your father obtained a car loan for Php 800,000 with an annual rate of 15% for 5 years.

3. Your sister placed her graduation gifts amounting to Php 25,000 in a special savings account that provides an interest of 2% for 8 months.

4. Your brother borrowed from your neighbor Php 7,000 to buy a new mobile phone. Your neighbor charged 11% for the borrowed amount payable after three years.

5. You deposited Php 5,000 from the savings of your daily allowance in a time deposit account with your savings bank at a rate of 1.5% per annum. This will mature in 6 months.

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