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- 1. Multiple Choice
It is a series of payments usually equal, made at equal intervals of time.
sinking fund
annuity
bond
loan
- 2. Multiple Choice
It is an annuity in which payment periods coincide with the interest conversion periods.
compound
simple
general
complex
- 3. Multiple Choice
It is an annuity in which payment periods do not coincide with the interest conversion periods.
simple
compound
complex
general
- 4. Multiple Choice
It is annuity in which payments are made at the end of the payment periods.
annual
ordinary
annuity due
deferred
- 5. Multiple Choice
It is an annuity in which payments are made at the beginning of the payment periods.
early
ordinary
general
annuity due
- 6. Multiple Choice
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
- 7. Multiple Choice
It is an annuity in which periodic payments run indefinitely.
perplexity
perpetuity
perpetual
infinity
- 8. Multiple Choice
At the end of each 3 months a company will deposit P75,000 for 10 years in a depreciation fund to provide a replacement of machinery at the end of 10 years. Find the total number of payments.
13
30
40
750,000
- 9. Multiple Choice
It is the time from the beginning of the first payment interval to the end of the last payment interval.
period
term
contract
perpetuity
- 10. Multiple Choice
It is an annuity in which the first payment is delayed for a period of time.
postponed
deferred
derailed
frozen
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