1. Given: R = ₱6,000; t = 2.25; m = 4; S = ₱50,000 i = ?

n = 2.25 x 4 = 9

(9^2-1)i^2 -6(9-1)i +12(1-21x6000/50000)

080i^2 -48i -0.96 = 0
i = -(-48) ±√(48)2-4(80)(-0.96)/2(80) =( i = -0.01937) or (i = 0.61937)
● S = 6000 (((1-.01937)^9 - 1) / -.01937) = 49999.79
j = 4 x -.019375 = -7.75%

Answer: The interest rate payable quarterly is -7.75%

2. Given: R=₱2500; m=12; t=0.5; j=0.1; Annuity Due A = ?; Annuity Due S = ?;

n=0.5 x 12= 6, i= 0.1 / 12= 0.00833
Annuity Due A = 2,500 (1-(1+.00833)^-6) (1+.00833) = 14693.48864
Annuity Due S = (14693.48864)(1+.00833)^6 = 15443.63686
Final Answer: A) Eric borrowed ₱14,693.49 from Kyle. B) The equivalent of the loan at the end
of 6 months is ₱15443.64.

3. Given: R=$18,000; t=5; j=0.1; m=2; A=?;

n=5 x 2= 10; i = .1 / 2 = .05
A = 18,000((1-(1+.05)^-10)/0.05) = 138991.23
Final Answer: You must invest approximately a value of $138991.23.

4. Given: S=$10,000; m=1; t=10; j=.09; A=?

i = .09 / 1 = .09; n= 1 x 10 = 10
A= 10,000(1-(1+.09)^-10) = 64176.58
Final Answer: Rase High School must invest approximately a value of $64176.58.

5. Given: R = $60,000; t = 30; j = .06; m = 1; AND t = 5

1) i = .06/1 = .06; n = 30 x 1 = 30;
a) 60,000((1-(1+.06)^-30)/.06) = $825,889.8691
2) i = .06; n = 1 x 5 = 5
a) P = 825,889.8691 / (1+.06)^5 = 617151.56
Final Answer: Joe should invest approximately $617,152.996

6. Given: R = $500; j = .08; t = 8; m = 2; S = ?

i = .08 ; n = 8;
S = 500(((1+.08)^8 -1)/.08) = 5318.3138
Final Answer: Ted’s annuity value at the end of 8 years is approximately $5318.31.

7. Given : R = $600; m = 4; t = 4; j = .06; A = ?

i = .06/4 = .015; n = 4 x 4 = 16
A = 600((1-(1+.015)^-16)/ .015) = 8478.758427
Final Answer: Nancy must invest approximately $8478.76 today.
8. Given: R = $9000; m = 1; t = 20; j = .08; S = ?
i = .08 / 1 = .08; n = 1 x 20 = 20
S = 9000(((1+.08)^20 - 1) / .08) = 411857.6787
Final Anser: The final value of Joe's investment at the end of the 20th year on this ordinary
annuity is approximately $411857.68

9. Given: R = $18,000; t = 20; j = .09; m = 1; A = ?

i = .09/1= .09; n = 20 x 1 = 20
A = 18,000((1-(1+.09)^-20) / .09) = 164313.822
Final Answer: Abby Mia must deposit approximately $164313.82 today.