SIMPLE or GENERAL ANNUITY
Authored by DOREEN ENOT
Mathematics
11th Grade
Used 16+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Peter started to deposit ₱5,000 quarterly in a fund that pays 1% compounded quarterly and he received ₱123,514.09 after 6 years.
SIMPLE ANNUITY
GENERAL ANNUITY
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The buyer of a lot pays ₱50,000 cash and ₱10,000 every month for 10 years. If money is 8% compounded monthly, how much is the cash value of a lot?
SIMPLE ANNUITY
GENERAL ANNUITY
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Quarterly payment of ₱2,000 for 5 years with interest rate of 8% compounded quarterly.
SIMPLE ANNUITY
GENERAL ANNUITY
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Semi-annually payments of ₱8,000 for 12 years with interest rate of 12% compounded semi-annually.
SIMPLE ANNUITY
GENERAL ANNUITY
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr. Bajada paid ₱200,000 as down payment for the farm. The remaining amount (liability) is to be settled by paying ₱16,200 at the end of each month for 5 years. If interest is 5% compounded semi-annually, the cash price of his farm is ₱1,059,519.92.
SIMPLE ANNUITY
GENERAL ANNUITY
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nadine is the beneficiary of ₱1,000,000 insurance policy. Instead of taking the money as lump sum, she opted to receive a monthly stipend over a period of 10 years. If the insurance policy pays an interest of 5% compounded annually, what will be her monthly stipend?
SIMPLE ANNUITY
GENERAL ANNUITY
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
ABC Bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank at the end of 5 years if he deposits ₱3,000 every month?
SIMPLE ANNUITY
GENERAL ANNUITY
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