Simple and General Annuities Quiz Leave a Comment / Quarter 2 Quiz / By topgun24 Simple and General Annuities Simple and General Annuities 1 / 13 To pay for his debt at 12% compounded semi-annually, Analuz Arwena commited for 8 quarterly payments of Php 24, 491.28 each. How much did she borrow? Check 2 / 13 Marilou, a buyer of a lot, pays Php 10,000 every month for 10 years. If money is 8% comounded aanually, how much is the cash value of the lot? Check 3 / 13 Complete the sentence by choosing the words provided for you inside the word poolbox A _______________is a term that refers to payments received (cash inflows) or payments r deposits made (cash outflows). Cash inflows can be represented by positive numbers and cash outflows can be represented by negative numbers Check 4 / 13 Complete the sentence by choosing the words provided for you inside the word poolbox _________________a type of annuity in which the payments are made at the end of each payment interval Check 5 / 13 Complete the sentence by choosing the words provided for you inside the word poolbox ________________an annuity where the payment interval is not the same as the interest period. Check 6 / 13 Complete the sentence by choosing the words provided for you inside the word poolbox ________________an annuity where the payment interval is the same as the interest period. Check 7 / 13 Complete the sentence by choosing the words provided for you inside the word poolbox ________________is a sequence of equal payments made at equal intervals of time usually monthly, quarterly, semi-annually and annually. Check 8 / 13 Kay’s parents begin making a monthly payments of Php 500 into an account paying 2.4% compounded monthly. What is the total payment made by Kay’s parents on her 15th birthday? 15 30 60 75 9 / 13 Kay’s parents begin making a monthly payments of Php 500 into an account paying 2.4% compounded monthly. Payments begin on her 10th birthday. What is the interest rate of the compounding period? 0.24 0.02 0.024 0.002 10 / 13 A/An _____________ is an annuity in which the period of payment is made at the beginning of each payment interval and the compounding period is equal or the same as the payment interval. simple ordinary annuity general ordinary annuity general annuity due simple annuity due 11 / 13 An annuity in which payments begin and end at definite time is a/an ____. A. C. B. D. simple annuity general annuity uncertain annuity annuity certain 12 / 13 An annuity where payment interval is the same as the interest period is a/an _______________. A. C. B. D. simple annuity general annuity uncertain annuity annuity certain 13 / 13 A sequence of payments made at equal time periods is a/an _____________. Stocks Bonds Annuity Investment Your score isThe average score is 0% 0% Restart quiz
