Future Value of an Annuity

Gertrude invested at an insurance account that she regularly pays P2,000 every end of the month. It's interest of 5% compounds monthly. How much will the future value of her annuity be, if the account has an 8 years period of payment?

Hyacinth was offered by a bank a house in which it is paid P20,000 at the end of each month. It compounds its interest by 2.35% monthly. If the house' mortgage matures at 10 years, how much was the house?

Rene wants to to avail for a life insurance. He deposits P4,000 every end quarter at a bank that compounds 10.25% quarterly. If the insurance matures in 20 years, how much is the future value of his insurance?

Paul invests at a college plan for his son. He deposits P10,000 each year on the account that compounds by 6.34% annually. How much will he have if his son enters college in 15 years?

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CCSS.HSF.BF.A.2

Jeannie deposits P9,000 for a life insurance every end of 6 months. The account she deposits has an interest rate of 12% compounded semi-annually. How much will she have if her life insurance matures in 40 years?

Draw a meme about General Math

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CCSS.8.EE.C.7B