Important Note: 1. Answers must be with the P symbol if it's money, periods must be separated with commas. no spaces between characters, and in 2 decimal places. example: P1502070 2. Rate must be with the % symbol. No space between the number and the percent Symbol. Example: 10% 3. For Time. indicate the time period (years. months. etc). Put a space between the number and the unit oftime. Example: 5 years 4. Answer YES or NO for questions answerable by yes or no. There should be no additional characters. 1.) JL has P1 .000.000.00. He plans to invest it and wants to grow his money to P2.000.000.00 after 5 years. At what yearly interest rate should he invest his money to reach his goal amount? 2.) Ritchie plans to deposit his Php 10.000 in an account that earns 4% interest. I How much money is in the account after 5 years compounded semi-annually? o What if he wants to get P15.000 after 5 years, how much should he deposit now at a 4% interest rate? a How about if he deposits P10.000.00 now. what simple interest rate should be applied for him annually to get P2000000 after 5 years? 3.) JN used his P100.000.00 savings in buying 50,000 shares of a corporation. If he sells all his shares at P235 per share after 6 months. will he earn income? How much is his profitr'loss? If he sells all his shares at P100 per share after one month. will he earn income or not? How much is his profitfloss? Ifthe company declares a 2% dividend per stock. how much will be his cash dividend? What will be the value of his money after 5 years of keeping the shares of stocks if each stock cost P350? 4.) Mr. Ritche plans to deposit his Php 450,000 in any of his selected accounts that earns 4% interest a How much money is in the account after 5 years compounded: a. semi-annually? b. quarterly? and c. monthly? 0 How long will it take to double a savings of Php 40.000. if it is deposited in an account that offers a simple interest of 10% per year? 5.) Danny is now 50 years of age. As part of his retirement plan he will invest Php 10,000 a year. a regular payment worth 10% compounded quarterly. How much money will he earn upon reaching the age of 60