1. If you deposit P3,000 in BPI bank account that pays 0.125% interest annually, how much will be in your account after 3 years?

2. If you deposit money today in an account that pays 10.5% annual interest, how long will it take to double your money?

3. What is the future value of a 3% 7-year ordinary annuity that pays20,000 each year?

4. (refer to #3) if this were an annuity due, what would its future value be?

5. I want to retire in 20 years. I currently have P 1,250,000 and I will need P20 million at retirement. What annual interest rate must I earn to reach my goal, assuming this is my only investment fund?

Round off your answer up to four decimal places.