Part 1 Review Annuity
Authored by Mon Real
Mathematics
11th Grade
CCSS covered
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which annuity is described below:
The payment interval and compounding period are not the same. Payment is at the end of each payment interval.
Simple Ordinary Annuity
Simple Annuity Due
Ordinary General Annuity
General Annuity Due
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which annuity is described below:
The payment interval and compounding period are not the same. Payment is at the beginning of each payment interval.
Simple Ordinary Annuity
Simple Annuity Due
Ordinary General Annuity
General Annuity Due
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which annuity is described below:
The payment interval and compounding period are the same. Payment is at the end of each payment interval.
Simple Ordinary Annuity
Simple Annuity Due
Ordinary General Annuity
General Annuity Due
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which annuity is described below:
The payment interval and compounding period are the same. Payment is at the beginning of each payment interval.
Simple Ordinary Annuity
Simple Annuity Due
Ordinary General Annuity
General Annuity Due
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ana wants to save for a future vacation. She decides to deposit ₱3,000 into her savings account at the end of each month. The account earns an interest rate of 4% per year, compounded monthly. She plans to continue saving for the next 2 years. What is the purpose of the annuity?
Future Value
Present Value
Both
Neither
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ana wants to save for a future vacation. She decides to deposit ₱3,000 into her savings account at the end of each month. The account earns an interest rate of 4% per year, compounded annually. She plans to continue saving for the next 2 years. What is the value of "p" in this problem?
1
4
12
6
Tags
CCSS.HSF.BF.A.2
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which annuity is described below:
Juanita took out a car loan and is required to make payments of ₱7,500 at the beginning of each month for 5 years. The loan has an interest rate of 6% per year, compounded quarterly.
Simple Ordinary Annuity
Simple Annuity Due
Ordinary General Annuity
General Annuity Due
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