Part 1 Review Annuity

Which annuity is described below:

The payment interval and compounding period are not the same. Payment is at the end of each payment interval.

• Simple Ordinary Annuity

• Simple Annuity Due

• Ordinary General Annuity

• General Annuity Due

Which annuity is described below:

The payment interval and compounding period are not the same. Payment is at the beginning of each payment interval.

• Simple Ordinary Annuity

• Simple Annuity Due

• Ordinary General Annuity

• General Annuity Due

Which annuity is described below:

The payment interval and compounding period are the same. Payment is at the end of each payment interval.

• Simple Ordinary Annuity

• Simple Annuity Due

• Ordinary General Annuity

• General Annuity Due

Which annuity is described below:

The payment interval and compounding period are the same. Payment is at the beginning of each payment interval.

• Simple Ordinary Annuity

• Simple Annuity Due

• Ordinary General Annuity

• General Annuity Due

Ana wants to save for a future vacation. She decides to deposit ₱3,000 into her savings account at the end of each month. The account earns an interest rate of 4% per year, compounded monthly. She plans to continue saving for the next 2 years. What is the purpose of the annuity?

• Future Value

• Present Value

• Both

• Neither

Ana wants to save for a future vacation. She decides to deposit ₱3,000 into her savings account at the end of each month. The account earns an interest rate of 4% per year, compounded annually. She plans to continue saving for the next 2 years. What is the value of "p" in this problem?

• 1

• 4

• 12

• 6

Which annuity is described below:

Juanita took out a car loan and is required to make payments of ₱7,500 at the beginning of each month for 5 years. The loan has an interest rate of 6% per year, compounded quarterly.

• Simple Ordinary Annuity

• Simple Annuity Due

• Ordinary General Annuity

• General Annuity Due

Which annuity is described below:

Juanita took out a car loan and is required to make payments of ₱7,500 at the end of each quarter for 5 years. The loan has an interest rate of 6% per year, compounded quarterly.

• Simple Ordinary Annuity

• Simple Annuity Due

• Ordinary General Annuity

• General Annuity Due

What is the value of the compounding period in the problem below:

Juanita took out a car loan and is required to make payments of ₱7,500 at the end of each quarter for 5 years. The loan has an interest rate of 6% per year, compounded quarterly.

• 4

• 3

• 12

• 1

What is the asked in the problem below:

Juanita took out a car loan and is required to make payments at the end of each quarter for 5 years. The loan has an interest rate of 6% per year, compounded quarterly. If the car is worth 2,000,000 pesos. what quarterly payment will pay for the annuity?

• r

• R

• PV

• p