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IV. Evaluation/Assessment A.Problem SolvingInstruction: .Read the scenarios carefully and compute what is being ask for.Show your solutions.1. Mr. Ben Thamad is 30 years old and

IV.

Evaluation/Assessment A.Problem SolvingInstruction: .Read the scenarios carefully and compute what is being ask for.Show your solutions.1. Mr. Ben Thamad is 30 years old and will retire at age 60. An insurance agentestimated that an additional P75,000 a year over Mr. Thamad's retirementbenefits will allow him to lead a satisfactory life. How much should Mr. Thamaddeposit today in an account paying 6% interest to meet his goal? Assume thatMr. Thamad will spend 10 years in retirement

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