Simple and General

1. Monthly amortization of an automobile loan compounded monthly.

• Simple Annuity

• General Annuity

2. Quarterly payment of a pension plan that is compounded annually.

• Simple Annuity

• General Annuity

3. Payment every six months of a housing loan compounded monthly.

• Simple Annuity

• General Annuity

4. Monthly installment of a car with an interest rate that is compounded semi-

annually.

• Simple Annuity

• General Annuity

5. Daily payments of 54Php for 30 days with interest rate of 15% compounded

daily for one month.

• Simple Annuity

• General Annuity

6. Miriam borrowed money and promised to cancel her debt of 5 years by

paying P3, 500 at the end of each year with interest at 4% compounded annually.

• Simple Annuity

• General Annuity

7. Peter started to deposit P5, 000 monthly in a fund that pays 1%

compounded monthly. How much will be in the fund after 8 months?

• Simple Annuity

• General Annuity

8. Ann’s parents are planning for a house lease agreement. How much

money will they prepare in a house that has 6% interest rate compounded semi-annually

in order to pay P30, 000 annually for 5 years?

• Simple Annuity

• General Annuity