6. In order to have P350,000 in 5 years, how much should you invest if the compound interest is 12% per annum? 7. Peter borrowed P100,000 at 8% compounded annually? How much will he be paying after 2...

Extracted text: 6. In order to have P350,000 in 5 years, how much should you invest if the compound interest is 12% per annum? 7. Peter borrowed P100,000 at 8% compounded annually? How much will he be paying after 2 years? 8. How much money must be invested to obtain an amount of P250,000 in 3 years if money earns at 12.5% compounded annually? 9. A time deposit account in a bank yields 5.5% compound interest annually. Jennifer invested P450,000 for 4 years in this savings account. How much interest will she gain? 10. What amount must be deposited by a student in a bank that pays 3 % compounded annually so that after 12 years he will have P150,000? 17