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    GMTC 1301 Q2 W1

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    roweljrelambre

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    GMTC 1301 Q2 W1

    Uploaded by

    roweljrelambre
    2 views3 pages

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    2 views3 pages

    GMTC 1301 Q2 W1

    Uploaded by

    roweljrelambre

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    © All Rights Reserved
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    Unit 13: Simple and General Annuities • Grade 11

    Worksheet I

    A. Determine if the given situation illustrates a simple or general annuity. (4 points)

    1. Payments are made at the end of every three months for a loan that charges 3%
    interest compounded quarterly.

    2. Deposits of ₱1 000 are made at the end of every three months to an account that
    earns 5% interest compounded semiannually.

    3. Mr. Padilla pays at the end of every month for a loan that charges 6% interest
    compounded monthly.

    4. Ms. Sarmiento deposits ₱2 000 at the beginning of every month to her account that
    earns 4% interest compounded semiannually.

    B. Analyze the given problem and solve for what is asked. Show your complete solution.

    1. Find the present value of an ordinary annuity whose semiannual deposit is ₱6 000 at
    5% compounded semiannually for 5 years. (3 points)

    Solution and answer:

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    28
    Unit 13: Simple and General Annuities • Grade 11
    2. Find the present value of a series of periodic payments of ₱2 000 made at the
    beginning of every month for 4 years if the money is worth 6% compounded
    monthly. (3 points)

    Solution and answer:

    3. How much should be invested at the beginning of every three months at 4%


    compounded quarterly to accumulate ₱50 000 after 5 years? (3 points)

    Solution and answer:

    Copyright © 2019 Quipper Limited


    29
    Unit 13: Simple and General Annuities • Grade 11
    4. Anna purchased a TV worth ₱60 000. She agreed to pay it via installment at the end
    of every month for two years. The payment scheme charges 5% interest
    compounded monthly. How much is his monthly payment? (3 points)

    Solution and answer:

    5. Mr. Mendoza plans to open an investment account. There are two banks he is
    considering. In Bank A, he should deposit ₱4 000 at the end of every month, and it
    earns 3.7% interest compounded monthly. In Bank B, he should deposit ₱12 000 at
    the end of every three months, and it earns 8% interest compounded quarterly.
    Which of the two options will accumulate more money after 10 years? (4 points)

    Solution and answer:

    Copyright © 2019 Quipper Limited


    30

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