untitled

It is a series of payments usually equal, made at equal intervals of time.

• sinking fund

• annuity

• bond

• loan

It is an annuity in which payment periods coincide with the interest conversion periods.

• compound

• simple

• general

• complex

It is annuity in which payments are made at the end of the payment periods.

• annual

• ordinary

• annuity due

• deferred

It is annuity in which payments are made at the end of the payment periods.

• annual

• ordinary

• annuity due

• deferred

It is an annuity in which payments are made at the beginning of the payment periods.

• early

• ordinary

• general

• annuity due

Mario deposits P800 at the end of each 3 months in a loan association which gives 8% compounded quarterly. What is P800 in the given situation?

• annual payment

• interest

• periodic payment

• loan payment

It is the time from the beginning of the first payment interval to the end of the last payment interval.

• period

• term

• contract

• perpetuity

Find the future value of an annuity of $3000 per year for 6 years at 4% p.a. compounded annually.

• $6633

• $12 738

• $18 924

• $19 899

Find the future value of an annuity of $800 per month for 4 months at 12% p.a. compounded

monthly.

• $3248

• $3347

• $4060

• $38 976

Find the future value of an annuity of $9000 per quarter for 1 year at 6% p.a. compounded

quarterly.

• $4 091

• $36 540

• $36 819

• $147 276