Solve the following problems with complete solution. 1. To purchase a lot, r. Reyes pays P50,000.00 down payment and makes equal payments at the end of every month for a years. If the cash value of the lot is 1,200,000, how much must he pay monthly if money is worth 12%? 1 2. How large a trust fund is required to pay $68,700 every end of 6 months for 5 years if money is worth 7% converted semi-annually? A purchaser of a house and lot pays 250,000 cash and 14,500 at the end of each month for 6 years. If money is worth 9% compounded monthly, find the equivalent cash price of the house and lot