WorksheetsDue Annuity - Obj 2
Total questions: 4
Worksheet time: 2mins
Name
Class
Date
1.
What type of annuity is described when payments are made at the beginning of each period?
a)
Ordinary annuity with delayed payments
b)
Annuity due with early payments
c)
Simple interest investment plan
d)
Deferred annuity with no payments
2.
What is the interest rate per period if the annual rate is 8% compounded semi-annually?
a)
2% per period
b)
4% per period
c)
6% per period
d)
8% per period
3.
How many periods are there in 5 years if payments are made thirdly?
a)
1
b)
3
c)
5
d)
15
4.
A person wants to accumulate BD 2,500 by depositing equal quarterly payments at the beginning of each period for 3 years. If the interest rate is 8% annually compounded quarterly, what is the required quarterly payment.
To solve this question
a)
change only n
b)
i and n must change
c)
change only i
d)
No change for both
100 %
