FULLBRIGHT COLLEGE

City of Puerto Princes City

Detailed Lesson Plan In Mathematics

Grade 11 GAS

A. Content Standard
The learner demonstrates understanding of key concepts of simple and compound
interests, and simple and general annuities.
B. Performance Standard
The learner is able to investigate, analyze and solve problems involving simple and
compound interests, and simple and general annuities using appropriate business and
financial instruments.
C. Learning competencies
Finds the future value and present value of both simple annuities and general
annuities. (M11GM-IIc-d-1)

I. LEARNING OBJECTIVES
At the end of the lesson, a learner is able to:
1. Computes the future value, present value of simple and general annuity.
2. Solve problems involving real-life situations on simple and general annuity.
3. Relate simple and general annuities in real-life situations.

II. CONTENT:
General Mathematics

III. LEARNING RESOURCES

A. References
 Senior High School MELCs - Google Drive
 Calculating Present and Future Value of Annuities (investopedia.com)
B. Other Learning Materials
 Power Point Presentation, Phone, Google meet, Calculator,and Thatquiz.

IV. PROCEDURES

TEACHER’S ACTIVITY STUDENT’S ACTIVITY

A. Reviewing Previous Lesson/
Presenting the New Lesson
Every body let us all pray, Galvez please
lead the prayer
Lord guide us today and help us with all
of our lesson, Ameen.
Thank you Galvez

Good morning class

Good morning sir
Who among you can still remember what
we discuss last meeting?
Sir
Yes Frederick
 It is about the simple and general
annuities
What is annuity?
Sir
Yes Ervin
An Annuity is a sequence of equal
payments (or deposits) made at a regular
interval of time.

Example: An installment payment of an

appliance of P3000 every month for 6
month
Very good

What is the difference between simple

and general annuity?
Simple Annuity, an annuity where the
payment interval is the same as the
interest period while General Annuity,
an annuity where the payment interval is
not same as the interest period.
Very good

B. Establishing a Purpose for the

Lesson
Before we proceed to our new lesson I
want you to read our objectives for today.
Sir
Yes Creschel
At the end of the lesson, a learner is able
to:
4. Computes the future value, present
value of simple and general annuity.
5. Solve problems involving real-life
situations on simple and general annuity.
6. Relate simple and general annuities in
real-life situations.
Thank you Creschel

C. Presenting examples/ Instances of

the New Lesson
Let us have an activity first before we
proceed to our new lesson. This activity
is called “WIKARAMBULAN”. To play
this activity every group will form
another word based from the given
pictures.
Here is the rubrics:
Group presentation = 3pts
Correct answer = 5pts

1.
Answer: Future value

2.
Answer: Present value

D. Distinguishing New Concept and

Practicing New Skill#1

Based from our activity, what do you

think is our lesson for today?
Sir
Yes Ivy
Computing the future value and present
value of simple annuities.
Very good

How many times have we heard a

television commercial say “12 easy equal
monthly payments” for ownership or
some snazzy products? Or can we just ask
“where people pay by installment?” An
annuity is actually a sequence of equal
amounts. This payment method applies to
enormous number of financial situations.
Our goal in this lesson is to explain and
compute the future value and the present
value of simple annuities.

Let us start the discussion by providing

you series of examples on how to
compute the amount or future value of
ordinary annuity.

Example 1.

Suppose Atty. De Vera would like to save

P7,000 every month in a fund that gives
6% compounded monthly. How much is
the amount or future value of her savings
afterb6 months?

Given:
Periodic payment R = P7,000
Term t = 6 months
Interest rate per annum I(12) = 6% = 0.06
Number of conversions per year(m) = 12
Interest rate per period (j) = 0.06/12 =
0.005

Find the amount (future value) at the end

of the term, F

Is it clear class?
Yes sir
Any questions?
None sir

E. Distinguishing New Concept and

Practicing New Skill# 2

Okay class, try to solve example 2.

Example 2.

if you pay P50.00 at the end of each

month for 40 years on account that pays
interest at 10% compounded monthly,
how much money do you have after 40
years?
Use formula 1.
Given:
Periodic payment R = P50
Term t = 40 years
Interest rate per annum i(12) = 10% = 0.1
Number of conversions per year(m) = 12
Interest rate per period = 0.1/12
 Find the amount (future value) at the end
of the term, F

F. Developing Mastery

For your better understanding towards the

topic, let’s practice more! You have 5
minutes to answer each item. I know you
can do it!

1. Find the present value P and the

amount or future value F of an ordinary
annuity of ₱5,000 payable semi-annually
for 10 years if money is worth 6%
compounded semi-annually.

Answer: 1. P = ₱74,387.37 , F =
₱134,351.87
2. To pay for his debt at 12%
compounded quarterly, Mark committed
for 8 quarterly payments of ₱28,491.28
each. How much did he borrow?

Answer: ₱200,000.02

3. A high school student would like to

save ₱50,000 for his graduation. How
much should he deposit in a savings
account every month for 5.5 years if
interest is at 0.25% compounded
monthly?

Answer: ₱752.46
G. Finding Practical Application and
Concept of Daily Living

How can we relate our topic based on this

picture in real life situation?

Sir
Yes Layla
Simple and general annuities can be used
in many ways as you can see there is a
Simple and general annuities in a love
cycle because there is a periodic payment
in it, when you love someone or feeling
in love, time will come that destiny will
try to destroy your relationship, then it is
up to both of you if you want to stay or
let go. After that if you stay, even you
always fighting for disagreement you will
get hurt but if you both let each other’s
go without any closure then, you will get
hurt too. Then if get hurt you feel hate
and you want to forget everything, if you
want to forget time will come that you
feel missing all alone then, you meet
another person going back to love and so
on.

Nice one Layla

H. Making Generalization Abstract to

the Lesson

Did you learn something today? Yes sir

I’m glad to hear that, who can sum up
what we have discussed?
Sir
Yes Anna?
Very good Anna.

I. EVALUATION

Direction: Choose the letter of the best

answer. You have 30 minutes to finish
the test.

1. Annuity where the payment interval is

the same as the interest period.

a. General Annuity c. Contingent

Annuity
b. Deferred Annuity d. Simple Annuity

Answer: D
2. Annuity where the payment interval is
not the same as the interest period.

a. General Annuity c. Contingent

Annuity
b. Deferred Annuity d. Simple Annuity

3. It is equal to the down payment plus Answer: A

the present value of the installment
payments.

a. Cash Flow c.Cash Price

b. Simple Annuity d. General Annuity

Answer: C
For item 4-8, read the annuity problem
below.

A loan of ₱30, 000 is to be repaid

monthly for 5 years that will start at the
end of 4 years. If interest rate is 12%
converted monthly, how much is the
monthly payment?

4. What type of annuity is illustrated in

the problem?

a. General Annuity c. Contingent

Annuity
b. Deferred Annuity d. Simple Annuity

5. What is the total number of payment Answer: B

_________?

a. 20 b. 30 c. 50 d. 60

6. Find the future value of an ordinary

annuity of ₱5, 000 payable semi –
annually for 10 years if money is worth
6% compounded semi – annually.
Answer:D
a. ₱134, 351.87 c. ₱94, 348.97
b. ₱74, 387.37 d. ₱114, 395. 87

7. What is the interest rate per period?

a. 0.01 b. 2.05 c. 0.10 d. 0.250

Answer: A
8. What is the present value of the loan?

a. ₱150, 000 c. ₱70, 000

b. ₱30, 000 d. ₱130, 000
Answer: A
9. Aling Paring started to deposit 2, 000
quarterly in a fund that pays 5.5%
compounded quarterly. How much will
be in the fund after 6 year?

a. ₱2, 640 c. ₱52, 413 Answer: B

b. ₱640 75 d. ₱56, 413.75

10. The buyer of a house and lot pays

200, 000 cash 10, 000 every month for 20
years. If money is 9% compounded
monthly, how much is the cash value of
the lot?
Answer; D
a. ₱210, 000 c. ₱1, 311, 449.54
b. ₱1, 111, 449.54 d. ₱1, 200, 000

11. Find the present value of an ordinary

annuity of 5, 000 payable semi – annually
for 10 years if money is worth 6%
compounded semi – annually.
 Answer: C
a. ₱134, 351.87 c. ₱94, 348.97
b. ₱74, 387.37 d. ₱114, 395. 87

12. To pay for his debt at 12%

compounded quarterly, Ruben committed
for 8 quarterly payments of ₱28, 491.28
each. How much did he borrow?
Answer: B
a. ₱100, 000 c. ₱180, 000
b. ₱140, 000 d. ₱200, 000

13. Find the present value of semi –

annual payments of ₱500 at the end of
each term for
10 years with rate of 5% compounded
semi – annually. (use j = 0.025, n = 20) Answer: D

a. ₱7, 794.58 c. ₱7, 497. 33

b. ₱12, 772.33 d. ₱12, 277.58

14. The buyer of a lot pays ₱10, 000

every month for 10 years. If money is 8%
compounded annually, how much is the
cash value of the lot? (use j = 0.006434, n Answer: A
= 120)

a. ₱838, 325.22 c. ₱834, 523.22

b. ₱834, 325.22 d. ₱834, 324.22

15. Mel started to deposit ₱1, 000

monthly in a fund that pays 6%
compounded quarterly. How much will
be in the fund after 15 years? (use j =
0.004975, n = 180)
Answer: B
a. ₱290, 076.28 c. ₱189, 024. 72
b. ₱209, 076.28 d. ₱178, 970. 72

Answer: A
V. ASSIGNMENT
Directions: Solve the following problems.

__________1. Find the present value and the amount (future value) of an 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, Ruben committed
for 8 quarterly payments of $28,491.28. How much did he borrow?
__________3. A high school student would like to save $50,000 for his graduation.
How much should he deposit in a savings account every month for 5.5 years if interest
is at 0.25% compounded monthly?
__________4. The buyer of a car 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 television (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?
(Write the value of sale on cash and installment in order to validate your choice!)

ANSWER KEYS:

1. Answer: P = $74,387.37, F = $134,351.87

2. Answer: $200,000
3. Answer: $752.46
4. Answer: $733,784.43
5. Answer: If you have cash on hand it is better to buy the TV set in cash since the
cash price ($13,499) is lower than the cash value ($14,613.99)

Prepared by:

MOHAMMAD A. JAIN
Student Teacher

Observed by:

AGNES BARRERA
Resource Teacher