1. Ms. Jacinto sells her bag for ₱ 5000 and Ms. Leonardo wants to buy her bag and offered her ₱ 4,000. Upon negotiation, they agreed to the price of ₱ 4,500. What is the Fair Market Value?
A. ₱ 4,000 B. ₱ 4,500 C. ₱ 5,000 D. ₱ 5,500
2. Find the present value of a deferred annuity of ₱ 1000 every three months for 6 years, which is deferred 2 years, if the money is worth 10% compounded quarterly.
A. ₱ 15,422.17
B. ₱ 16,422.17 C. ₱ 17,422.17 D. ₱ 18,422.17
3. In a series of monthly payments of ₱ 1,000.00 each, first payment is due at the end
of 7 years and the last at the end of 3 years. Find the present value of the deferred annuity if money is worth 12% compounded monthly
