if your money is compounded at 12% interest monthly, you have to save monthly to accumulate 10,000 in 2 years. 1-5 question.

monthly to * 1. If your money is compounded at 12% interest monthly, you have to save accumulate Php 10,000.00 in 2 years. a) Php 350.50 b) Php 470.73 c) Php 833.33 d) Php 450.50 2. A series of payments required for a specific number of periods is a) annuity b) rate c) principal d) interest 3. What is the formula of present value of ordinary annuity a) (1+r)^t/1 b) {1-[(1+r)^t}/r c) 1/(1+r)t d) 1(1+r)t 4. When the payment appears at the end of each period, it is called an a) annuity due b) ordinary annuity c) undeferred annuity d) uncertain annuity 5. When payments are due at the beginning of each period, it is called an a) annuity due b) ordinary annuity c) undeferred annuity d) uncertain annuity