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WorksheetsOrdinary Annuity Quiz
Total questions: 12
Worksheet time: 40mins
Which of the following statements is correct?
a. Pro Life will result in a future value of ordinary annuity at Php 1,768,385.94
b. FVD Life will result in a future value of ordinary annuity at Php 1,593,742.46
c. ALA Philippines will result in a future value of ordinary annuity at Php Php 1,886,683.88
Decide which plan will help you cover the down payment?
a. Pro Life
b. FVD Life
c. ALA Philippines
What is the total interest earned from the ordinary annuity policy from FVD Life?
a. Php 518,385.94
b. Php 593,742.46
c. Php 386,683.88
How much money should you deposit each month?
Php 15,653.10
Php 16,735.51
Php 20,500.00
Given the monthly deposit of Php 16,735.51, how much money will you have in this account at the time you want to purchase the car?
Php 1,200,001.06
Php 1,200,000.04
Php 1,100,000.00
Which is better to invest into, ordinary annuity or annuity due?
Ordinary Annuity
Annuity Due
Which of the following statements is incorrect:
ManoLife requires Php6,281,134.73 investment.
AZA requires Php6,668,697.24 investment.
Starlife requires Php7,676,942.44 investment.
Decide which plan is the most suitable for the current amount you are willing to invest for your future plans.
ManoLife
StarLife
AZA
How much is the total interest that will be earned from the investment in AZA?
4,866,107.78
7,731,302.76
14,931,302.76
You are now 60 years old and have officially retired. You have decided to invest a portion of your retirement fund on a sinking fund from SecureBank. Your target accumulated amount is PHP2,000,000 in 12 years.
Assuming an interest rate of 5% and quarterly payments, how much do you need to deposit per quarter?
PHP35,326.45
PHP30,721.70
PHP30,661.50
SecureBank is now offering a new sinking fund product, SecureBond, for those who want to invest earlier. What is the future value of PHP25,000 deposited monthly for 30 years at a rate of 2% compounded monthly?
PHP12,318,134.69
PHP10,456,125.45
PHP11,472,198.72
What is the amount of interest earned on the SecureBond investment?
PHP3,384,670.69
PHP3,843,990.69
PHP3,318,134.69
