IV. EXERCISES Directions: Solve the present value P, and amount F of the following ordinary annuities. 1. Quarterly payments of P2000 for 5 years with interest rate of 8 % compounded quarterly. 2. Semi-annual payments of P8000 for 12 years with interest rate of 12 % compounded semi-annually 3. Daily payments of P50 for 30 days with interest rate of 20 % compounded daily.

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