ORDINARY ANNUITIES 

1. You made the decision to become a member of the Kabataan Savers Club, which promotes the financial development of today's youngsters. How much money would you have after five quarters if you pay $1,500.00 at the end of each month for five quarters on an account that accrues interest at a rate of 15% compounded each month? 2. For the next three years, you will be paying P450 a month toward your automobile payment. You are aware that your car loan has a monthly interest rate of 13.4%, which is discounted. What was the car's original cost?