What is equivalent future worth of the cash flow given in the accompanying figure? Assume i = 8%. $3000 $2000 $1000 1 2 3 4 5 7 8 9 10 Problem 20.16 6,

Solve for each problems. Show your solution legible and neatly. Write the question, the given(also what is the given?), what to find and a cash flow diagram. Answers should be in 2 decimal places, unless stated otherwise. Solution should be hand-written. Question can be hand-written or type-written. Answer should be in 2 decimal places.   21. If the nominal interest rate is 3% of P5,000, how much worth in 15 years continuously compounded account? 22. You deposited $15,000 in a savings account five years ago. The account has earned 5.25% interest compounded continuously since then. How much money is in the account today? 23. A young engineer wants to surprise her husband with a European vacation for their tenth anniversary, which is five years from now. She determine that the trip will cost $7,000. Assuming an interest rate of 5.5% compounded daily, approximately how much money does she need to deposit today for the trip? 24. Mr. Ayala borrows P1,000. In 4 years, the money become P2,500…