Q6. You plan to deposit P100 into a savings account at the end of each month for the next 5 years. a.) At 3% compounded monthly, how much will you have accumulated at the end of 5 years? b.) How much...

Engineering Economics. Please (1) Identify the Given (2). Draw a cash flow diagram (3). Show Solution in getting the final answer indicated.

Extracted text: Q6. You plan to deposit P100 into a savings account at the end of each month for the next 5 years. a.) At 3% compounded monthly, how much will you have accumulated at the end of 5 years? b.) How much difference would it make if the payments were made at the beginning of the month rather than at the end? Answer: a.) F = P6,464.67, b.) F value difference = P196.63