Mrs. Ahn wants to accumulate P500,000 in a bank after 5 years. The bank offers a 10% interest annually, but the frequency of conversion is quarterly. How much must Mrs. Ahn deposit quarterly to attain his goal?

 ABC Company  wants to invest its excess cash in a project that will help the company increase its value. The company's board wants to earn at least 12% in every project. The following data pertain to the proposed projects :

                                                                                    Project A              Project B

Annual cash inflows                                                 P100,000            P110,000

Annual cash outflows                                                  50,000                50,000

Cost of the project                                                    500,000              500,000

Estimated economic life  (in years)                             15                            14

Required: Which of the projects will you recommend for implementation? Why? Support your answer with computation in good form.