Suppose your first job pays you Php 300,000 annually. Answer the following questions assuming (a) you are unmarried, and (b) you are married with two young children. Let see how your allocation change. 1. What percentage should your cash reserve contain? 2. What are the insurances you will carry and how much? 3. What are the other allotments do you plan to carry?

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A: solution formulas used future value of annuity                 =P * [(1+i)^n – 1 ]/i present value…

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A: Note: As per our guidelines, we can only answer one question at once. Please post other questions in…

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