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- 1. Multiple Choice
Dean wanted to invest at bank offering 5% annual compound interest rate. He is required to deposit P20,000 yearly for 10 years. Which will you compute for this annuity?
Future Value of Ordinary Annuity
Present Value of Ordinary Annuity
Future value of general annuity
Present value of general annuity
- 2. Multiple Choice
Mike wants to invest at a bank for his retirement. The bank offers a monthly withdrawal of P8,000 with a monthly compound interest of 5% for 10 years after his retirement. Which is annuity is asked?
Present Value of general annuity
Present value of ordinary annuity
Future value of general annuity
future value of ordinary annuity
- 3. Multiple Choice
Fei invests at a bank that offers 10% interest compounded semi-annually. She deposits P10,000 monthly for 15 years. What kind of annuity is this?
Present value of general annuity
Future value of general annuity
Present value of ordinary annuity
Future value of ordinary annuity
- 4. Multiple Choice
A bank offers 16% interest rate compounded quarterly. Keith wanted to invest at the bank where he can withdraw an amount of P6,000 every month for 10 years. What is being asked in this annuity?
Present value of ordinary annuity
Future value of ordinary annuity
Present value of general annuity
Future value of general annuity
- 5. Fill in the Blank
Gertrude wanted to invest at a bank that offers 10% interest compounded quarterly. If she wants to receive quarterly an amount of P10,000 for 20 years after her retirement, how much must she deposit?
- 6. Fill in the Blank
A bank offers 15% monthly compound interest for a pension account. If Rita wanted to have a withdrawal of P15,000 each month for the next 20 years after her retirement, how much must she deposit in this bank?
- 7. Fill in the Blank
Ephira invested in a bank offering an interest rate of 6% compounded semi-annually. If she can withdraw P20,000 every 6 months for 10 years, how much did she deposit in the bank?
- 8. Fill in the Blank
A bank offers a pension with a quarterly compounding interest rate of 7%. Clementine wanted to deposit so that he could withdraw an amount of P10,000 quarterly for 30 years. How much must he deposit to obtain this quarterly amount?
- 9. Fill in the Blank
Joshue wanted to become a doctor, so he saved up for his college fund at a bank that offers 14% quarterly compound interest. If he intends to receive P50,000 quarterly for 8 years, how much must he deposit in the bank?
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