Instructions: Solve each item correctly by providing the necessary solutions for what is required.
1. How many months will it take for an investment of Php 30,000.00 to earn Php 112.50 at a 1.5% simple interest rate?
2. What is the simple interest on a Php 5,000.00 loan at 3.25% interest to be paid at the end of 9 months?
3. What is the present value of Php 95,000.00 at 13% compounded annually for 7 years?
4. A Php 500,00.00 trust fund was set up and to be used by an 8-year old niece when she goes to college. In 10 years, how much will the fund be if the investment rate is 9.75% compounded quarterly?
5. What amount of money will be required to pay back a loan of Php 78,400.00 at 12% compounded quarterly for 8 years and 6 months?