IF THE INTEREST RATE IS 13% COMPOUNDED SEMI-ANNUALLY MADE ON THE ACCOUNT, AND THE OBLIGATIONS ARE GIVEN BELOW:

DEPOSIT OF P13, 521 AT THE END OF 3 AND A HALF YEARS.

WITHDRAWAL OF P20, 812 AT THE END OF 5 YEARS.

SEMI-ANNUAL DEPOSIT OF A PERPETUITY OF P1, 200

STARTING AT THE END OF 6 AND A HALF YEARS.

DETERMINE THE FOLLOWING:

a. PRESENT VALUE OF ALL THE OBLIGATIONS MADE ON THE ACCOUNT. (Ans. 84, 324.434)

b. ADDITIONAL AMOUNT OF WITHDRAWAL AT THE END OF 5 YEARS TO BALANCE THE CASH FLOWS? (Ans. 158, 288.555)