9. Calculate the future value of money at the end of 8 years and 8 months if P5,200
is invested at an interest rate of 12% compounded quarterly and using simple
interest for anytime less than a year interest period? Show the Cash Flow Diagram.
State your reference period in the solution as reflected in the diagram. (5pts)
10. A man borrowed P180,000 from a lending firm for 6 years at 9% compounded
quarterly. At the end of 6 years, it renews the loan for the amount due plus
P80,000 more for 6 years at 4% compounded monthly. Determine the value of
money at the end of the extended period? Show the Cash Flow Diagram. State
your reference period in the solution as reflected in the diagram. (5pts)