Q2M4

What is referred to as a fixed sum of money paid to someone at regular intervals, subject to a fixed compound interest rate?

• compound interest

• simple interest

• annuity

• annuity certain

What type of annuity is illustrated when the interest conversion or compounding period is equal or the same as the payment interval?

• annuity certain

• annuity uncertain

• simple annuity

• general annuity

What type of annuity is illustrated when the interest conversion or compounding period is unequal or not the same as the payment interval?

• annuity certain

• annuity uncertain

• simple annuity

• general annuity

What do you call the fixed payment and interest over a specified time?

• annuity payment

• interest payment

• due payment

• general payment

Which is an example of annuities?

• interest

• rent

• bills

• savings

What do you call the type of annuity in which the payments are made at the end of each payment interval?

• annuity certain

• ordinary annuity

• contingent annuity

• general annuity

What do you call the type of annuity which payments begin and end at definite times?

• contingent annuity

• ordinary annuity

• simple annuity

• annuity certain

What do you call the type of annuity in which the payments extend over an indefinite length of time?

• contingent annuity

• general annuity

• annuity certain

• ordinary annuity

A payment made at the end of each month for money borrowed that charges 1.05% interest compounded quarterly. What type of annuities is being represented?

• simple

• general

• ordinary

• annuity due

What type of annuity is represented by a deposit of ₱6,000.00 that is made at the end of every three months to an account that earns 5.6% interest compounded quarterly?

• simple

• general

• ordinary

• annuity due