Subject: Math 1F

1. At the birth of a son, how much should a father invest in order to provide his son with P500,000 on his 21tI birthday if money is then worth 12% compounded quarterly. 2. A man owes his friend P150,500 due without interest at the end of 5 years. How much should the man pay his friend today if his friend insists on being paid today in place of the future payment if money is worth 17%, compounded monthly? 3. When interest is converted monthly, find the nominal rate when the effective rate is 151/2% ? 4. To what sum of money does P33,000 accumulates in 3 years and 5 months at 17 1/2\% converted quarterly. 5. A debt of P40,000 is due in 2 years and 7 months. If the debtor wishes to pay his creditor today at 1221% compounded semi-annually, how much would he have to pay now? 6. Ms. Checa lent P72,800 to her friend Vicky on May 1, 2017. She allowed her friend to pay off her debt on March 2019 . If money is worth 24% converted quarterly, how much should Ms. Checa receive