Quiz - Annuity

A sequence of payment made at equal (fixed) intervals or periods of time.

• annuity

• payment interval

• simple annuity

• general annuity

Tags

CCSS.HSF.BF.A.2

The time between successive payments.

• annuity

• payment interval

• time

• interest

An annuity where payment interval is the same as the interest period.

• simple annuity

• general annuity

• ordinary annuity

• deferred annuity

An annuity where the payment interval is not the same as the interest period.

• simple annuity

• general annuity

• ordinary annuity

• deferred annuity

 $In\ the\ formula\ :\ F=\ R\ \frac{\left(1+j\right)^n-1}{j}\ \ \ what\ is\ R?$  

• future value

• present value

• regular payment

• rate

 $In\ the\ formula\ :\ F=\ R\ \frac{\left(1+j\right)^n-1}{j}\ \ \ what\ is\ F?$  

• future value

• present value

• regular payment

• rate

The buyer of a house and lot pays P200,000 cash and P10,000 every month for 20 years. If money is 9% compounded monthly. To what type of annuity this problem belong?

• simple annuity

• general annuity

• deferred annuity

• annuity due

The buyer of a house and lot pays P200,000 cash and P10,000 every month for 20 years. If money is 9% compounded monthly. How much is the down payment?

• P200,000.00

• P1,111,449.54

• P1,311,449.54

• 0.0075

Mr. Remoto would like to buy a television (TV) set payable for 6 months starting at the end of the month. His monthly payment is P3000 and interest is 9% compounded semi-annually. What is the interest rate per (six) months?

• 0.09

• 0.045

• 0.00736312

• 0.9

Mr. Remoto would like to buy a television (TV) set payable for 6 months starting at the end of the month. His monthly payment is P3000 and interest is 9% compounded semi-annually. How much is the cost of TV set?

• P17,000.00

• P17,234.50

• P17,545.08

• P20,000.00