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1. It cost P50,000 at the end of each year to maintain a section of Kennon...

1. It cost P50,000 at the end of each year to maintain a section of Kennon road in Baguio city. if money is worth 10%, how much would pay to spend immediately to reduce the annual cost to P10,000?

2. A man invests P10,000 now for the college education for his 2-year old son. If the fund earns 14% effective, how much will the son get each year starting from his 18th to the 22nd birthday?

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