Phoebe took out a loan of P50,000 from Banco de Oro at 8% on March 19, 2019, which is due on July 8, 2020 (Note: 2020 was a leap year). Using exact interest, the amount of Phoebe's interest cost is: P5,261,44 P5,216,44 p5,227,40 P5,018,44 P2,561,44 The effective rate (APY or EAR) is: The true semiannual rate The discounted rate The nominal rate The stated rate The true annual rate A present value factor of 0.7312 means that a certain rate of interest for a certain period of time will equal: More than P 7.31 Exactly P7.31 P 1.00 Never equal to P 1.00 Over P1.00 Which of the following investments would have the lowest present value? Assume that the effective annual rate for all investments is the same and is greater than zero. Investment that pays P2,500 at the end of 10 years (just one payment). Investment that pays P250 at the end of every year for the next 10 years (a total of 10 payments). Investment that pays P125 at the end of every 6 -month period for the next 10 years (a total of 20 payments). Investment that pays P250 at the beginning of every year for the next 10 years (a total of 10 payments)