
Deferred Annuity
Authored by remilyn caluma
Mathematics
11th Grade
Used 30+ times

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14 questions
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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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