Sacred Heart School

Tacloban City
Second Quarter Assessment in General Mathematics
____
Name: Kathlyn L. Bago Strand: 11-STEM 18
Score: ______
( 3 points each )
1. Find the present value P and amount F of the following ordinary annuities:

a) Quarterly payments of ₱ 2,000 for 5 years with interest rate of 8% compounded

quarterly.

b) Semi-annual payments of ₱ 8,000 for 12 years with interest rate of 12%

compounded semi-annually

2. Peter started to deposit ₱ 5,000 quarterly in a fund that pays 1% compounded quarterly.

How much will be in the fund after 6 years?

3. To pay for his debt at 12% compounded quarterly, Ruben committed for 8 quarterly
payments of ₱ 28,491.28 each. How much did he borrowed?
4. Emma availed of a cash loan that gave her an option to pay ₱10,000 monthly for
1 year. The first payment is due after 6 months. How much is the present value of the loan if
the interest rate is 12% converted monthly?

5. Adrian purchased a laptop through a cooperative of their company. The cooperative provides
an option for a deferred payment. Adrian decided to pay after 4 months of purchase. His
monthly payment is computed as ₱ 3, 500 payable in 12 months. How much is the cash value
of the laptop if the interest rate is 8% compounded monthly?

6. On a boy’s 10th birthday, His father started to deposit P5,000 quarterly at the end of each term
in a fund that pays 1% compounded monthly. How much will be in the fund on his son’s 17 th
birthday?