Republic of the Philippines

Department of Education
Region 02-Cagayan Valley
Schools Division of Isabela
AURORA SENIOR HIGH SCHOOL
Ballesteros, Aurora, Isabela

PERFORMANCE TASK 02 in GENERAL MATHEMATICS

SECOND QUARTER
(ANNUITY)

NAME: _______________________________ SCORE: ___/30

Solve each problem completely. (6 points each)

1. Determine the future value of an ordinary simple annuity for Php 80,000 at 3 % quarterly
for 5 years.
∴ 𝐹 = 429,824.38

2. An insurance firm offers a retirement package for 50-70 years old with an annual
payment of P6,000. After 20 years, how much is the account if it earns 9.5 %
compounded annually?
∴ 𝐹 = 324,733.4

3. Determine the present value of a simple ordinary annuity of Php 100,000 per year for 5
years at 2.2 % compounded annually.
∴ 𝑃 = 468,622.31

4. How much should one deposit in an account paying 6 % compounded quarterly in order
to receive P1,250 every 3 months for the next 2 years?

∴ 𝑃 = 9,357.41

5. An investment firm offers a 10-year simple annuity with a guaranteed rate of 6.85 %
compounded annually. How much should you pay so as to receive payments of P25,000
annually over the 10 period?

∴ 𝑃 = 176,813.53

RUBRIC FOR PROBLEM SOLVING

SCORE CRITERIA
0 You did not make any attempt to solve the problem
1 You identified what is asked in the problem
2 You identified what is asked in the problem as well as other needed
information
4 You identified what is asked in the problem, the needed information, and used
a correct process. However, you did not obtain the correct answer.
6 You were able to completely solve the problem using a correct process.

Prepared by:

ANGELA S. PATRICIO
Subject Teacher

Address: Ballesteros, Aurora, Isabela 3316

Email: ashs.342077@gmail.com
Mobile No.: 09171729721