Multiple Choice. Choose the letter of the best answer. Show pertinent solution if necessary. 1. How much should Mrs. Reyes pay of a borrowed amount of Php 12,000 at 4% annual simple Interest rate payable for 3 years? A. Php 1,440 C. Php 2,400 B. Php 13,440 D. Php 1.460 2. Suppose Php 55,000 will due In 9 years at 7% compounded annually. How much is the capital? A. Php 39,463.79 C. Php 29,916.36 B. Php 24.637.36 D. Php 48, 563.62 3. How much money must be Invested by a businessman to obtain an amount of Php 80,000 In 5 years If the money earns at 2.5% compounded annually? A. Php 97.656.25 C. Php 70.708 34 B. Php 79.007 D. Php 66.214.40 4. Find the maturity value if Josh deposited Php 120,000 In a bank at 3% compounded semi-annually for 9 years. A. Php 156,788.09 C. Php 145,688.09 B. Php134.688 D. Php 156,880.88 6. James alms to accumulate 1 million pesos In 12 years. Which Investment will require the smallest present value? A. 8% simple interest C. 8% compounded quarterty B. 8% compounded annually D. 8% compounded monthly