26. Mr. Cruz wanted to buy a house and lot worth P5M ten years from now so he decided to invest his money. How much should Mr. Cruz invest if it will earn an interest of 8% compounded monthly during...

Extracted text: 26. Mr. Cruz wanted to buy a house and lot worth P5M ten years from now so he decided to invest his money. How much should Mr. Cruz invest if it will earn an interest of 8% compounded monthly during the first 3 years, compounded quarterly for the next 4 years and compounded annually during the last 3 years? Create a cash flow diagram and show a complete solution 27. Mariel owes P30,000 in 5 months with interest at 7% and another P14000 is due in 11 months with interest at 9%. These two debts are to be replaced with a single payment due in 9 months. Determine the value of the single payment if money is worth 6.5%, using the end of 9 months as the focal date. Create a cash flow diagram and show a complete solution.