Three years from now, most of you will be starting with your thesis. Since some of you would want to ensure that they have a good working laptop during that time, you may have thought of saving and/or investing in one. You are even considering getting a part-time job for this. Because you value this a lot, you are willing to buy a laptop that sits in the price range of around P80,000 to P100,000. Search and identify a laptop that is offered at this price range, which is not an Apple Mac.

Let's assume that this laptop will remain relevant in 3 years and that the price will remain the same.

There are two potential investment options that you could place your savings at. For Savings Option 1, you have to deposit P2,000 at the end of each month, and it earns 8% interest compounded monthly. For Savings Option 2, you have to deposit only 5,500 at the end of each quarter, but it earns an interest of 12% per quarter.

2a. Calculate and show how much money you will have for both options at the end of 3 years, and indicate whether that savings option will be able to afford the laptop you identified?

2b. What if you just wanted to deposit the exact amount in the savings options to be able to afford the laptop you identified in 3 years. How much should you deposit into Savings Option 1 monthly?

2c. How much should you deposit into Savings Option 2 quarterly to get the exact amount for the laptop you are saving for?

2d. In relation to 2b and 2c, what will be your monthly required savings if your parents agreed that they will give you P20,000 in 3 years for the purchase of this laptop.