SIMPLE or GENERAL ANNUITY

Peter started to deposit ₱5,000 quarterly in a fund that pays 1% compounded quarterly and he received ₱123,514.09 after 6 years.

• SIMPLE ANNUITY

• GENERAL ANNUITY

The buyer of a lot pays ₱50,000 cash and ₱10,000 every month for 10 years. If money is 8% compounded monthly, how much is the cash value of a lot?

• SIMPLE ANNUITY

• GENERAL ANNUITY

Quarterly payment of ₱2,000 for 5 years with interest rate of 8% compounded quarterly.

• SIMPLE ANNUITY

• GENERAL ANNUITY

Semi-annually payments of ₱8,000 for 12 years with interest rate of 12% compounded semi-annually.

• SIMPLE ANNUITY

• GENERAL ANNUITY

Mr. Bajada paid ₱200,000 as down payment for the farm. The remaining amount (liability) is to be settled by paying ₱16,200 at the end of each month for 5 years. If interest is 5% compounded semi-annually, the cash price of his farm is ₱1,059,519.92.

• SIMPLE ANNUITY

• GENERAL ANNUITY

Nadine is the beneficiary of ₱1,000,000 insurance policy. Instead of taking the money as lump sum, she opted to receive a monthly stipend over a period of 10 years. If the insurance policy pays an interest of 5% compounded annually, what will be her monthly stipend?

• SIMPLE ANNUITY

• GENERAL ANNUITY

ABC Bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank at the end of 5 years if he deposits ₱3,000 every month?

• SIMPLE ANNUITY

• GENERAL ANNUITY

On a girl’s 10th birthday, her father started to deposit ₱5,000 quarterly at the end of each term in a fund that pays 1% compounded monthly. How much will be in the fund on his daughter’s 17th birthday?

• SIMPLE ANNUITY

• GENERAL ANNUITY

Mr. Bajada paid ₱200,000 as down payment for a farm. The remaining amount (liability) is to be settled by paying ₱16,200 at the end of each month for  5 years. If interest is 5% compounded semi-annually, what is the cash price of his farm?

• SIMPLE ANNUITY

• GENERAL ANNUITY

Cris started to deposit  ₱1,000 monthly in a fund that pays 6% compounded quarterly. How much will be in the fund after 15 years?

• SIMPLE ANNUITY

• GENERAL ANNUITY