Review Annuity

What is referred to as a fixed sum of money paid to someone at regular intervals, subject to a fixed compound interest rate?

• Compound Interest

• Simple Interest

• Annuity

• Annuity Certain

What type of annuity is illustrated when the interest conversion or compounding period is equal or the same as the payment interval?

• Annuity Certain

• Annuity uncertain

• Simple Annuity

• General Annuity

What type of annuity is illustrated when the interest conversion or compounding period is unequal or not the same as the payment interval?

• Annuity certain

• Annuity Uncertain

• Simple Annuity

• General Annuity

What do you call the fixed payment and interest over a specified time?

• Annuity Payment

• Interest Payment

• Due Payment

• General Payment

What do you call the type of annuity in which the payments are made at the end of each payment interval?

• Annuity Certain

• Contingent Annuity

• Ordinary Annuity

• General Annuity

What do you call to the type of annuity which payments begin and end at definite times?

• Contingent Annuity

• Deferred Annuity

• Simple Annuity

• Annuity Certain

What type of annuity is represented by a deposit of ₱ 6,000.00 that is made at the end of every three months to an account that earns 5.6% interest compounded quarterly?

• Simple

• General

• Ordinary

• Annuity Due

Which of the following situations is an example of a simple annuity?

• ₱ 2,000 deposited every six months for 2 years at 8% per year compounded monthly

• ₱ 2,000 deposited every month for 2 years at 8% per year compounded annually

• ₱ 2,000 deposited every month for 2 years at 8% per year compounded monthly

• ₱ 2,000 deposited every quarter for 2 years at 8% per year compounded monthly

Which among the choices is the formula to compute the future value of simple annuity?

• Prt

Which among the following shows the cash flow of a general annuity?

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