ANSWER SHEET IN GENERAL MATHEMATICS

QUARTER 2– MODULE 3: SIMPLE ANNUITY

Name: __________________________________________ Grade & Section: _____________________
Subject Teacher: Ms. Abegail Q. Panang
SCORE

STUDY THE MODULE AS YOUR GUIDE IN ANSWERING THE QUESTIONS

I. 1. P99,000.00 is invested for 7 years at 12% compounded quarterly. Give the value of each
variable in the formula A = P (1+i)n where I = r/K and n = Kt.

a. P = ______________________
b. r = ______________________
c. i = ______________________
d. n = ______________________

2. P50,000.00 is invested for 10 years at 12% compounded semi-annually, the final amount is
P160,356.77. Give the value of each variable in the formula A = P (1+i) n where I = r/K and
n = Kt.
a. P = ______________________
b. r = ______________________
c. i = ______________________
d. n = ______________________
e. A = ______________________

II. Read each situation carefully to solve each problem.

Find the future value F of the following ordinary annuities.

a. Monthly payments of P6,000.00 for 4 years with interest rate of 3% compounded monthly.
Solution:

b. Quarterly payment of P10,000.00 for 10 years with interest rate of 2% compounded quarterly.
Solution:
 Find the present value P of the following ordinary annuities.

c. Monthly payments of P4,000.00 for 5 years with interest rate of 12% compounded monthly.
Solution:

d. Quarterly payment of P30,000.00 for 10 years with interest rate of 8% compounded quarterly.
Solution:

III. Fill in the blanks.

1 6

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GOOD LUCK AND GOD BLESS!