Please help me answer these questions on financial management! Solution for this is needed! 1. On the birth of his son Zachary, Brian deposited Php120,000 in a trust fund that pays 3.5% interest compounded monthly. How much money is in the trust fund when Zachary reaches his 18th birthday?

2. Leslie and Mackoy both opened a savings account with a starting balance of Php20,000 on the first day of January. Leslies bank is paying her a simple interest of 7% annually. Mackoys bank is paying him an interest of 7% compounded annually. Who has a bigger balance at the end of 5 years?