1. Suppose you make an annual contribution of P1,000 each year to a college education fund for a niece.

She is 4
years old now and you will start next year and make the last deposit when she is 18. The fund is a money market
account earning 6.5% per year. What will it be worth immediately after the last deposit?
2. Mr. Reyes borrows P600, 000 at 12% compounded annually, agreeing to repay the loan in 15 equal payments.
How much of the original principal is still unpaid after he has made the 8th payment?
3. A man wishes to provide a fund for his retirement such that from this 60th to 70th birthday he will be able to withdraw
equal sums of P 18, 000 for his yearly expenses. He invests equal amount for his 41 st to 59th birthdays in a fund
earning 10% compounded annually. How much should each of these amounts be?

1. Suppose you make an annual contribution of P1,000 each year to a college education fund for a niece. She is 4
years old now and you will start next year and make the last deposit when she is 18. The fund is a money market
account earning 6.5% per year. What will it be worth immediately after the last deposit?
2. Mr. Reyes borrows P600, 000 at 12% compounded annually, agreeing to repay the loan in 15 equal payments.
How much of the original principal is still unpaid after he has made the 8th payment?
3. A man wishes to provide a fund for his retirement such that from this 60th to 70th birthday he will be able to withdraw
equal sums of P 18, 000 for his yearly expenses. He invests equal amount for his 41 st to 59th birthdays in a fund
earning 10% compounded annually. How much should each of these amounts be?

1. Suppose you make an annual contribution of P1,000 each year to a college education fund for a niece. She is 4
years old now and you will start next year and make the last deposit when she is 18. The fund is a money market
account earning 6.5% per year. What will it be worth immediately after the last deposit?
2. Mr. Reyes borrows P600, 000 at 12% compounded annually, agreeing to repay the loan in 15 equal payments.
How much of the original principal is still unpaid after he has made the 8th payment?
3. A man wishes to provide a fund for his retirement such that from this 60th to 70th birthday he will be able to withdraw
equal sums of P 18, 000 for his yearly expenses. He invests equal amount for his 41 st to 59th birthdays in a fund
earning 10% compounded annually. How much should each of these amounts be?

1. Suppose you make an annual contribution of P1,000 each year to a college education fund for a niece. She is 4
years old now and you will start next year and make the last deposit when she is 18. The fund is a money market
account earning 6.5% per year. What will it be worth immediately after the last deposit?
2. Mr. Reyes borrows P600, 000 at 12% compounded annually, agreeing to repay the loan in 15 equal payments.
How much of the original principal is still unpaid after he has made the 8th payment?
3. A man wishes to provide a fund for his retirement such that from this 60th to 70th birthday he will be able to withdraw
equal sums of P 18, 000 for his yearly expenses. He invests equal amount for his 41st to 59th birthdays in a fund
earning 10% compounded annually. How much should each of these amounts be?

1. Suppose you make an annual contribution of P1,000 each year to a college education fund for a niece. She is 4
years old now and you will start next year and make the last deposit when she is 18. The fund is a money market
account earning 6.5% per year. What will it be worth immediately after the last deposit?
2. Mr. Reyes borrows P600, 000 at 12% compounded annually, agreeing to repay the loan in 15 equal payments.
How much of the original principal is still unpaid after he has made the 8th payment?
3. A man wishes to provide a fund for his retirement such that from this 60th to 70th birthday he will be able to withdraw
equal sums of P 18, 000 for his yearly expenses. He invests equal amount for his 41 st to 59th birthdays in a fund
earning 10% compounded annually. How much should each of these amounts be?

1. Suppose you make an annual contribution of P1,000 each year to a college education fund for a niece. She is 4
years old now and you will start next year and make the last deposit when she is 18. The fund is a money market
account earning 6.5% per year. What will it be worth immediately after the last deposit?
2. Mr. Reyes borrows P600, 000 at 12% compounded annually, agreeing to repay the loan in 15 equal payments.
How much of the original principal is still unpaid after he has made the 8th payment?
3. A man wishes to provide a fund for his retirement such that from this 60th to 70th birthday he will be able to withdraw
equal sums of P 18, 000 for his yearly expenses. He invests equal amount for his 41 st to 59th birthdays in a fund
earning 10% compounded annually. How much should each of these amounts be?

1. Suppose you make an annual contribution of P1,000 each year to a college education fund for a niece. She is 4
years old now and you will start next year and make the last deposit when she is 18. The fund is a money market
account earning 6.5% per year. What will it be worth immediately after the last deposit?
2. Mr. Reyes borrows P600, 000 at 12% compounded annually, agreeing to repay the loan in 15 equal payments.
How much of the original principal is still unpaid after he has made the 8th payment?
3. A man wishes to provide a fund for his retirement such that from this 60th to 70th birthday he will be able to withdraw
equal sums of P 18, 000 for his yearly expenses. He invests equal amount for his 41 st to 59th birthdays in a fund
earning 10% compounded annually. How much should each of these amounts be?