General Mathematics Quiz (Annuity)

Which of the following describes a series of payments made at regular intervals or over a set period?

• Amount of an annuity

• Annuity

• Regular payment

• Simple annuity

Which of the following refers to the sum of the present values of all payments due over the life of the annuity?

• Annuity due

• General annuity

• Term of an annuity

• Present value of an annuity

Allan started to deposit ₱500 quarterly in a fund that pays 6% compounded monthly. How much will be in the fund after 10 years? The problem is an example of?

• Amount of an annuity

• Contingent Annuity

• General Annuity

• Simple annuity

Which of the following describes an annuity in which the payment interval differs from the interest period?

• Annuity due

• General annuity

• Term of an annuity

• Present value of an annuity

Which of the following describes an annuity type where payments are made at the conclusion of each payment period?

• Annuity

• Annuity certain

• Contingent annuity

• Ordinary annuity

Which option from the list below represents the sum of the down payment and the present value of the installment payments?

• Annuity certain

• Annuity due

• Cash price

• General annuity

Which of the following refers to the total future value of all payments due over the life of the annuity?

• Amount of an annuity

• Annuity

• Regular payment

• Simple annuity

Which of the following describes an annuity in which the payment interval coincides with the interest period?

• Annuity

• Regular payment

• Amount of an annuity

• Simple annuity

Which of the following describes an annuity whose payments are distributed over an infinitely long period of time?

• Annuity

• Annuity certain

• Contingent annuity

• Ordinary annuity

Which of the following is an example of contingent annuities?

• Delayed loan payments

• Housing Amortization

• Loan Payment

• SSS Premium