1361. A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year ?

A. P693.12
B. P700.12
C. P702.15
D. P705.42
✅ The correct answer is option D.

1364. A person buys a piece of lot for P 100,000 downpayment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually ?

A. P 142,999.08
B. P 143,104.89
C. P 142,189.67
D. P 143,999.08
✅ The correct answer is option D.