Determine the value of n and t in each problem below. In the coming three years, you will need Php 200,000. What amount will you deposit in a bank at present to have such amount if the bank pays 7%...

Determine the value of n and t in each problem below.

1. In the coming three years, you will need Php 200,000. What amount will you deposit in a bank at present to have such amount if the bank pays 7% compounded annually?


2. You deposit Php 20,000 in an account earning 4.5% interest, compounded annually. How much is in the account after 9 months?