Suppose that you have a money market certificate earning an annual rate interest, which varies over time as follows If you invest P1,000,000 in this certificate at the beginning of year one and do not add or withdraw any money for five years, what is the value of the certificate at the end of the fifth year? Mr. Dimaliwat has just won P100,000,000 in the lottery and is about to resign his position at the university. Before he does, he needs some financial advice from his MBA students. Should he (1) take the P100,000,000 in the form of annual payments of P5,000,000 for the next 20 years, or (2) take P40,000,000 as a lump sum payment now? Assume that with both options he won't spend any of the money, but will instead invest all of it at 9% interest compounded quarterly. Neglect the effect of taxes on both options. A person has $4,000 in a savings account at the beginning of a calendar year; the bank pays interest at 6% per year, compounded quarterly. Given the transactions presented in the following table, find the account balance at the end of the calendar year