SOLVE EACH QUESTION

STATE THE GIVEN, REQUIRED AND CLEAR / COMPLETE SOLUTION

CREATE A CASH FLOW DIAGRAM FOR EACH PROBLM

1. A company employee wishes to have P60,000 when he retires 18 years from now. If the annual interest rate is expected to be 6% , how much must he set aside now in each of 18 equal annual beginning of year deposits. Show Cash Flow Diagram
2. As a member, Mr. Dela Cruz will deposit P300 with a savings and loan organization at the beginning of each 3 months for 12 years. If the organization pays interest at the rate of 1.4.% per 3 months. Find the sum to his credit just after the last deposit. Show Cash Flow Diagram.
3. A house owner decided to renovate his property in 7 years where he will be paying 50,000 for the renovation. To prepare for this amount, he set four equal annual payments now. No further payments are made after 4 years. If money is worth 12% per annum, what annual payment is necessary? Show Cash Flow Diagram.