Read and understand each situation then determine if the problem is simple or general annuity, the value of j (in 6 decimal places for non-terminating decimal) and then solve the problem. Show your solutions in an organized manner. 1. Juan purchased a new car with P80, 000 down payment and P17, 000 every month for 5 years. If the payment is based on 10% interest rate compounded quarterly, what is the total price of the car? 2. Peter started to deposit P18, 000 semi-annually in a mutual fund that pays 6% compounded semi-annually. How much money will he have in the mutual fund after 10 years? 3. Jonathan wanted to buy a house and lot for his family for the next 10 -15 years after graduation. He is planning to save P15, 000 in a bank quarterly for 10 years. What is the present value of his money after 10 years if the bank offers 8.5% compounded annually and withdrawal has been made?