I-Objectives :

At the end of the lesson, the students are expected to:

a. illustrate simple and general annuities; (MIIGM-IIc-I)
b. distinguish between simple and general annuities; and (MIIGM-IIc-2)
c. find the future and present values of both simple and general annuities. (MIIGM-IIc-d-1)

II-Subject Matter : Simple and General Annuities

A. References : http:www.moneyinstructor.com/lesson/compoundinterest.asp
http:www.math.csub.edu/camdemo/annuities/basics.html
http://www.maranausd.org/Document/Center/View/37902
Essential Business Mathematics
B. Materials : DLP, laptop , Activity card and Printed Materials
C. Strategies : Collaborative Learning/Problem Solving

III- Learning Activities/ Procedures :

A. Preliminary Activities
Opening Prayer
Checking of attendance

B. Review
What is simple and compound interest?

C. Lesson Proper :
1. Motivation
Present a situation to the class and ask question, how many of you would like to know
the time needed to become a millionaire ?

2. Presentation
The students will be grouped into 5 groups .The group will answer the assigned
problem given to them found in the activity card. The reporter of the group will discuss
his/her answer to the whole class.
Laura wants to accumulate $150,000 in her bank account by depositing $1000 at the
beginning each month. If interest on the account is 5% compounded quarterly, for how long
does Laura have to deposit the money? Ans. : n = 116.5/12 = 9.7 years

3. Discussion :
The teacher will now introduce the formula in finding the amount and future value of
simple and general annuities.
1.If you pay Php50,000 at the end of each month for 40 years on account that pays
interest at 10% compounded monthly, how much money do you have after 40 years?
Solution : ( In the Manila Paper )
Given :P= Php50,000, i= r/k=10%/12, and n=t*K=40*12