Deferred Annuity

Deferred Annuity

Assessment

Quiz

Mathematics

11th Grade

Hard

Created by

remilyn caluma

Used 27+ times

FREE Resource

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A credit card company offers a deferred payment option for the purchase of any appliance. Rose plans to buy a smart television set with monthly payment of

₱ 4,000.00 for two years. The payment will start at the end of 3 months. If it is 10% compounded monthly, how many payment periods is deferred?

1

2

3

4

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A credit card company offers a deferred payment option for the purchase of any appliance. Rose plans to buy a smart television set with monthly payment of ₱ 4,000.00 for two years. The payment will start at the end of 3 months. If it is 10% compounded monthly, how many payments will Rose make?

2

4

24

26

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A credit card company offers a deferred payment option for the purchase of any appliance. Rose plans to buy a smart television set with monthly payment of ₱ 4,000.00 for two years. The payment will start at the end of 3 months. If it is 10% compounded monthly, how much is the cash price of the television set?

₱ 30,519.20

₱ 78,716.74

₱ 143,519.84

₱ 85,256.56

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the period of deferral if monthly payment of ₱ 2,000.00 for 8 years will start 6 months from now?

4

5

6

9

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is an annuity that does not begin until a given time interval has passed.

Simple Annuity

General Annuity

Deferred Annuity

Ordinary Annuity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A new businessman debt is to be paid by regular payments of ₱ 25,000.00 paid at the end of every 3 months for 8 years for his products. The first payment will be done after 3 years. How may periods of deferral are there?

5

7

11

12

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A father decided to buy a lot and is to be paid by regular payments of ₱ 3500.00 paid at the end of every 3 months for 5 years. The first payment is due at the end of one year. How many periods of deferral are there?

2

3

9

4

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