Type of Annuity
Authored by Erelin Oraño
Mathematics
10th - 12th Grade
CCSS covered
Used 48+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is a sequence of payments, usually equal , made at the regular intervals.
Annuity
Annuity Due
Deferred Annuity
Ordinary Annuity
Tags
CCSS.HSA.SSE.B.4
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not examples of contingent annuity?
Health Insurance
Life Insurance
Accident Insurance
Loan Amortization
Tags
CCSS.HSF.BF.A.2
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an examples of annuity certain?
Motorcycle Amortization
Accident insurance
Pension
Life insurance
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Determine the kind of annuity. Deposits made every end of the month.
Deferred Annuity
Annuity Due
Ordinary Annuity
Annuity Uncertain
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