Solve for the following: (5 points each). 1. A businessman borrowed Php2,500,000 for 5 years at 6% simple interest. What amount must he pay at the end of the term? 2. How long will it take for Php250,000 to amount to half a million pesos if the simple interest rate is 8.25% per annum? 3. Find the compound amount and interest on Php50,000 invested for 10 years at 5.5% interest compounded semi-annually. 4. 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? 5. Leslie and Mackoy both opened a savings account with a starting balance of Php20,000 on the first day of January. Leslie's bank is paying her a simple interest of 7% annually. Mackoy's bank is paying him an interest of 7% compounded annually. Who has a bigger balance at the end of 5 years