Type of Annuity

It is a sequence of payments, usually equal , made at the regular intervals.

• Annuity

• Annuity Due

• Deferred Annuity

• Ordinary Annuity

Which of the following is not examples of contingent annuity?

• Health Insurance

• Life Insurance

• Accident Insurance

• Loan Amortization

Which of the following is an examples of annuity certain?

• Motorcycle Amortization

• Accident insurance

• Pension

• Life insurance

Determine the kind of annuity. Find the amount of present value of an annuity of P100 payable for 2 years if money is worth 10% compounded semi-annually.

• Annuity Due

• Contingent Annuity

• Ordinary Annuity

• Cash Value

Identify the kind of annuity. Nolram purchased a refrigerator. He paid P5,000 downpayment, and P1,000 payable at the beginning of each month for 5 years. If money is worth 12% compounded monthly, what is the equivalent cash price of the car?

• Annuity Due

• Ordinary Annuity

• Deferred Annuity

• Annuity

Determine the kind of annuity. Deposits made every end of the month.

• Deferred Annuity

• Annuity Due

• Ordinary Annuity

• Annuity Uncertain