1. If ₱40,000 is invested for 6 years at 5% compounded quarterly. a. Find the compound amount. b. Find the compound interest. 2. ₱ 20,000 is invested for 15 years at 5 % compounded semi-annually. a....

1. If ₱40,000 is invested for 6 years at 5% compounded quarterly.
a. Find the compound amount.
b. Find the compound interest.
2. ₱ 20,000 is invested for 15 years at 5 % compounded semi-annually.
a. Find the compound amount.
b. Find the compound interest.
3. Find the amount of annuity of ₱700 every 6 months (1⁄2 year) for 12 years if
interest is 6% compounded monthly.