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    Fourth Quarter: Written Work # 1

    Uploaded by

    Sam Lanver James A Guevarra
    The document contains a multiple choice test with questions about simple interest, compound interest, annuities, and future and present value. It tests understanding of key concepts like principal, rate, time period, and compounding periods for interest calculations.

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    © All Rights Reserved
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    Fourth Quarter: Written Work # 1

    Uploaded by

    Sam Lanver James A Guevarra
    8 views3 pages
    The document contains a multiple choice test with questions about simple interest, compound interest, annuities, and future and present value. It tests understanding of key concepts like principal, rate, time period, and compounding periods for interest calculations.

    Original Title

    Q4-WW1

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    © © All Rights Reserved

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    The document contains a multiple choice test with questions about simple interest, compound interest, annuities, and future and present value. It tests understanding of key concepts like principal, rate, time period, and compounding periods for interest calculations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    8 views3 pages

    Fourth Quarter: Written Work # 1

    Uploaded by

    Sam Lanver James A Guevarra
    The document contains a multiple choice test with questions about simple interest, compound interest, annuities, and future and present value. It tests understanding of key concepts like principal, rate, time period, and compounding periods for interest calculations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    FOURTH QUARTER:

    WRITTEN WORK # 1
    Multiple Choice:
    Select the letter of the correct answer and write it on the space before each number.

    1. Lucas loan an amount at 10% simple interest for 4 years. If he needs to pay P 84,000.00
    at the end of the term, what do you call the 10%?
    a. Ordinary Interest
    b. Simple Interest
    c. Exact Interest
    d. Compound Interest

    2. It is an interest that is computed on the principal only.


    a. Ordinary Interest
    b. Simple Interest
    c. Exact Interest
    d. Compound Interest

    3. It is an interest computed on the principal and also on the accumulated interest.


    a. Ordinary Interest
    b. Simple Interest
    c. Exact Interest
    d. Compound Interest

    4. It is the amount of money borrowed or invested on the original date.


    a. Principal
    b. Period/Time
    c. Rate
    d. Interest

    5. It is usually in percent and converted to decimal, this is charged by the lender or the
    increase of the investment.
    a. Principal
    b. Period/Time
    c. Rate
    d. Interest

    6. The amount a borrower pays for using the money.


    a. Principal
    b. Period/Time
    c. Rate
    d. Interest
    7. The amount of time allotted for repayment of the principal plus the interest. It is a term in
    years.
    a. Principal
    b. Period/Time
    c. Rate
    d. Interest

    8. The principal amount plus the interest.


    a. Principal
    b. Maturity Value
    c. Present Value
    d. Interest

    9. It pertains to the interval for compounding.


    a. Compounding period
    b. Rate
    c. Period/Time
    d. Interest

    10. Which of the following is the compounding period if it is compounded annually?


    a. 1
    b. 2
    c. 3
    d. 4

    11. Which of the following is the compounding period if it is compounded semi-annually?


    a. 1
    b. 2
    c. 3
    d. 4

    12. Which of the following is the compounding period if it is compounded quarterly?


    a. 1
    b. 2
    c. 3
    d. 4

    13. What is the other term for regular payment?


    a. fixed payment
    b. installment payment
    c. periodic payment
    d. annual payment

    14. It is an annuity where the payment interval is the same as the interest period.
    a. annuity due
    b. ordinary annuity
    c. general annuity
    d. simple annuity

    15. A type of annuity where the payment interval is not the same as the interest period.
    a. annuity due
    b. ordinary annuity
    c. general annuity
    d. simple annuity

    16. An annuity in which the payments extend over an in-definite length of time.
    a. annuity certain
    b. contingent annuity
    c. ordinary annuity
    d. annuity due

    17. In order to save for her high school graduation, Zeinab decided to save P200 at the end
    of each month. If the bank pays 0.250% compounded monthly, how much will her
    money be at the end of 6 years?
    a. P14, 507.02
    b. P21, 518.09
    c. P2,402.75
    d. P15,755.88
    18. Find the future value of an ordinary annuity of P5,000 payable semi-annually for 10
    years if money is worth 9% compounded annually. (use j = 0.044031, n=20)
    a. P155,274.644
    b. P65,589.25
    c. P267,968.22
    d. P738,837.01

    19. To pay for his debt at 12% compounded quarterly, Loonie committed for 8 quarterly
    payments of P28,491.28 each. How much did he borrow?
    a. P141,534.42
    b. P250,000
    c. P200,000
    d. P350,000

    20. To pay for his sports car at 12% compounded semi-annually, DJ Loonyo committed for
    8 quarterly payments of P24,491.28 each. How much did he borrow? Answer: (use j =
    0.029563, n=8)
    a. P147,747.34
    b. P172,238.62
    c. P162,288.62
    d.P20

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