12. You invest P 5 000 today at an interest rate of 10% for four years, how
much would be the future value of the investment?
a. P 3 415
c. P 6 500
b. P 7000
d. P 7 320
13. You are an incoming college freshman taking-up a four-year course
Suppose that you want to purchase a car immediately after graduating which will cost
you P 750 000. How much should you invest at the end of every year in an
investment fund that earns 9% annually to have enough to buy the car upon
graduation?
a. P 164 000
c. P 607 445
b. P 531 300
d. P 132 828
14. If you invest a lump-sum amount of P 25 000 at an interest rate of 12%,
compounded monthly, how much would be your investment after 3 years?
a. P 34 000 c
P 39 338
b. P 35 123
d. none of the above​