Second Periodical Examination in General Mathematics

TEST I: Find the period of deferral in each of the following deferred annuity problem.
1. A regular payment of ₱500 monthly for 3 years that will start 4 months from now.
2. A payment of ₱100,000 every quarter for 8 years starting at the end of 2 years.
3. A semi-annual payment of ₱1,000 for 12 years that will start 3 years from now.
4. An annual installment of 25 years, first payment after 5 years.
5. A half-year installment of 8 years, first payment of ₱2,000 after 18 months.
TEST II: Calculate present value of each problem completely. (5 points for each item)
1. Mr. Cardo decided to buy a house and lot for his son before the latter’s big day. A payment for every
month is ₱24,000 for 25 years starting at the end of 4 months with an interest of 6% compounded
monthly.
2. Almira gave allowance to her mother for her medicine. She withdrew ₱25,000 semi-annually for 10
years starting at the end of 2 years. How much is the mother’s allowance if the interest rate is
8% converted semi-annually?
TEST III: Calculate the future value of simple ordinary annuity. (5 points for each item)

1. Mark and Joseph are twins. After the graduation and being finally able to get a good job, the plan for
retirement as follows.
 Starting at the age of 20, Mark deposits ₱15,000.00 at the end of each year for 30 years.
 Starting at the age 35, Joseph deposits ₱20,000.00 at the end of each year for 18 years.
Who will have the greater amount of retirement if both annuities earn 12% per year
compounded annually?
2. If you pay ₱100.00 at the end of each month for 25 years on account that pays interest at 9%
compounded monthly, how much money do you have after 25 years?

Prepared by: Noted by:

Joezer D. Valdez Marites M. Luna
Teacher II Secondary School Principal II