Additional Activities Solve the following: 1. Josiah, a fisherman, won a local lottery game. After reserving a portion of his winning for his family's immediate expenses, he is left with P 150,000.00....

Extracted text: Additional Activities Solve the following: 1. Josiah, a fisherman, won a local lottery game. After reserving a portion of his winning for his family's immediate expenses, he is left with P 150,000.00. He decided to put this in an account providing 3% interest compounded monthly. He also plans to let the money grow for 5 years, and then make equal monthly withdrawals for another 5 years until the money is the account is deleted. How much should be his monthly withdrawals? 2. A house and lot are to be purchased by paying P 15,500.00 monthly payable in 25 years. The first payment is due in 1 year. Hpw much is the cash price of the house and lot if the interest rate is 12% converted monthly? 3. Kim's savings may allow her to withdraw P 50,000.00 semi-annually for 5 years starting at the end of 5 years. How much her savings, if the interest rate is 8%, converted semi-annually? 4. Rodel decided to sell their farm and to deposit the fund in a bank. After computing the interest, they learned that they may withdraw P 480,000.00 yearly for 8 years starting at the end of 6 years when it is time for him to retire. How much is the fund deposited if the interest rate is 5% converted annually?