please answer only nunber 4 and 5, thank you Directions. Read and analyze the problems carefully. Write FS if the problem is lookingfor the Future Value of a Simple Ordinary Annuity; PS if it asks for the Present Value of aSimple Ordinary Annuity; FG for the Future Value of a General Ordinary Annuity; and PGfor the Present Value of a General Ordinary Annuity.a. FSb. PSc. FGd. PG1. Mrs. Azurin pays P 8,000 monthly for her car for 10 years with an interest rate of 12%compounded quarterly. How much is the cash price of her car?2. Milan decided to save P 200 for her high school graduation at the end of every month. Ifthe bank pays 0.25% compounded monthly, how much will be her money after 5 years?3. If the interest is 9.5% compounded annually, what is the present value of P 8,500.00payable at the end of each six months for 7 years?4. Mr. Bueno would like to know the present value of his savings with P 4,500.00 depositevery 6 months for 10 years if the interest is 7% compounded semi-annually.5. Teacher Kim is saving P 3,000.00 every month by depositing it in a bank that gives aninterest of 1.5% compounded quarterly. How much will she save in 8 years?

4) Semiannual saving (S) = P 4500 n = 10 years = 20 payments r = 7% per annum = 3.5% semiannually

4. Mr. Bueno would like to know the present value of his savings with P 4,500.00 deposit every 6 months for 10 years if the interest is 7% compounded semi-annually. 5. Teacher Kim is saving P 3,000.00 every month by depositing it in a bank that gives an interest of 1.5% compounded quarterly. How much will she save in 8 years?

4. Mr. Bueno would like to know the present value of his savings with P 4,500.00 deposit every 6 months for 10 years if the interest is 7% compounded semi-annually. 5. Teacher Kim is saving P 3,000.00 every month by depositing it in a bank that gives an interest of 1.5% compounded quarterly. How much will she save in 8 years?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 7MC

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