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Quiz Gen Math - Annuities

The document contains fill-in-the-blank questions about annuity terms and mathematical problems involving calculating present and future values of annuities. It asks the reader to identify the correct term for a sequence of periods made at equal time periods, the type of annuity where payments are made at the end of each period, and the name for an annuity where payments begin and end at definite times. It also presents 5 problems to solve involving calculating values of ordinary annuities with different interest rates, payment schedules, and time periods.

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Francez Anne Guanzon
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1K views1 page

Quiz Gen Math - Annuities

The document contains fill-in-the-blank questions about annuity terms and mathematical problems involving calculating present and future values of annuities. It asks the reader to identify the correct term for a sequence of periods made at equal time periods, the type of annuity where payments are made at the end of each period, and the name for an annuity where payments begin and end at definite times. It also presents 5 problems to solve involving calculating values of ordinary annuities with different interest rates, payment schedules, and time periods.

Uploaded by

Francez Anne Guanzon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Fill in the blanks with the correct answer.


A sequence of periods made at equal time periods is a/an _____________.
A simple annuity in which payments are made at the end of each period is ___________.
An annuity where payment interval is not the same as interest period is _________.
An annuity where payment interval is not the same as interest period is _________.
An annuity in which payments begin and end in definite times is a/an ____________.
Solve the following problems completely!
Find the present value and future value of ordinary annuity of 5,000 payable semi-annually for 10 years if money is worth 6%
compounded semi-annually.
To pay for his debt at 12% compounded quarterly, Mildred Caban committed for 8 quarterly payments of 28,491.28 each. How much did
she borrow?
Juvie Mae, a high school student would like to save 50,000 for his graduation. How much should she deposit in savings account every
month for 5.5 years if interest is at 0.25% compounded monthly?
Engineer Martinez bought a car and pays 169,000 cash and 12,000 every month for 5 years. If money is 10% compounded monthly, how
much is the cash price of the car?
A TV set is for sale at 13,499 in cash or on installment terms, 2,500 each month for the next 6 months at 9% compounded monthly. If you
were the buyer, what would you prefer, cash or installment?
Fill in the blanks with the correct answer.
A sequence of periods made at equal time periods is a/an _____________.
A simple annuity in which payments are made at the end of each period is ___________.
An annuity where payment interval is not the same as interest period is _________.
An annuity where payment interval is not the same as interest period is _________.
An annuity in which payments begin and end in definite times is a/an ____________.
Solve the following problems completely!
Find the present value and future value of ordinary annuity of 5,000 payable semi-annually for 10 years if money is worth 6%
compounded semi-annually.
To pay for his debt at 12% compounded quarterly, Mildred Caban committed for 8 quarterly payments of 28,491.28 each. How much did
she borrow?
Juvie Mae, a high school student would like to save 50,000 for his graduation. How much should she deposit in savings account every
month for 5.5 years if interest is at 0.25% compounded monthly?
Engineer Martinez bought a car and pays 169,000 cash and 12,000 every month for 5 years. If money is 10% compounded monthly, how
much is the cash price of the car?
A TV set is for sale at 13,499 in cash or on installment terms, 2,500 each month for the next 6 months at 9% compounded monthly. If you
were the buyer, what would you prefer, cash or installment?

Fill in the blanks with the correct answer.


A sequence of periods made at equal time periods is a/an _____________.
A simple annuity in which payments are made at the end of each period is ___________.
An annuity where payment interval is not the same as interest period is _________.
An annuity where payment interval is not the same as interest period is _________.
An annuity in which payments begin and end in definite times is a/an ____________.
Solve the following problems completely!
Find the present value and future value of ordinary annuity of 5,000 payable semi-annually for 10 years if money is worth 6%
compounded semi-annually.
2. To pay for his debt at 12% compounded quarterly, Mildred Caban committed for 8 quarterly payments of 28,491.28 each. How much did
she borrow?
3. Juvie Mae, a high school student would like to save 50,000 for his graduation. How much should she deposit in savings account every
month for 5.5 years if interest is at 0.25% compounded monthly?
4. Engineer Martinez bought a car and pays 169,000 cash and 12,000 every month for 5 years. If money is 10% compounded monthly, how
much is the cash price of the car?
5. A TV set is for sale at 13,499 in cash or on installment terms, 2,500 each month for the next 6 months at 9% compounded monthly. If you
were the buyer, what would you prefer, cash or installment?
I.
Fill in the blanks with the correct answer.
1. A sequence of periods made at equal time periods is a/an _____________.
2. A simple annuity in which payments are made at the end of each period is ___________.
3. An annuity where payment interval is not the same as interest period is _________.
4. An annuity where payment interval is not the same as interest period is _________.
5. An annuity in which payments begin and end in definite times is a/an ____________.
II.
Solve the following problems completely!
1. Find the present value and future value of ordinary annuity of 5,000 payable semi-annually for 10 years if money is worth 6%
compounded semi-annually.
2. To pay for his debt at 12% compounded quarterly, Mildred Caban committed for 8 quarterly payments of 28,491.28 each. How much did
she borrow?
3. Juvie Mae, a high school student would like to save 50,000 for his graduation. How much should she deposit in savings account every
month for 5.5 years if interest is at 0.25% compounded monthly?
4. Engineer Martinez bought a car and pays 169,000 cash and 12,000 every month for 5 years. If money is 10% compounded monthly, how
much is the cash price of the car?
5. A TV set is for sale at 13,499 in cash or on installment terms, 2,500 each month for the next 6 months at 9% compounded monthly. If you
were the buyer, what would you prefer, cash or installment?

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