Question

B. Solve the following problems.
1. Consider the following annuities:
Annuity 1
Monthly deposit:
P1,000.00
Time period:
5 years
Annual Interest Rate: 8%
Annuity 2
Quarterly P3, 000.00
deposit:
Time Period:
5 years
Annual
8%
Interest Rate:
Compounding Quarterly
Period:
Monthly
Compounding
Period:
a. Find the total deposit and the amount of each annuity.
b. Why are the amounts not the same even if the total deposits are the
same?​

Answer 1

Answer:

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