Fajardo, Rose Anne S.

Based 2 Mathematics

1. Mariela makes regular payments of P12,000 at the end of every three months at 15%
compounded quarterly. How much would he have paid at the end of 6 years?

(1+i)n−1
S=R
i
24
(1+0.0375) −1
S=12000
0.0375
1.41944
S=12000
0.0375
S=Php 454220.22

2. Riemelyn deposits at the end of every six months of P5,000 to a bank that pays 15%
compounded semi-annually. How much will she have in her account at the end of 5 years?

n
(1+i) −1
S=R
i
10
(1+0.075) −1
S=5000
0.075
1.06103
S=5000
0.075
S=Php 70735.44

3. In order to have save for his highschool graduation Dionie decided to save 200 at the end of
each month if the bank pays 0.25% compounded monthly, how much will his money be at the
end of 6 years?

n
(1+i) −1
S=R
i
(1+ 0.0002083)72−1
S=200
.0002083
S=Php 14507.02

4. Suppose Mr. Norbel like to save P3,000 every month in a fund that gives 9% compounded
monthly. How much is the amount of the future value of his savings after 6 months?
 n
(1+i) −1
S=R
i
.09 6
(1+ ) −1
12
S=3000
.09
12
S=Php 1 8340.89

Determine whether if the given situations represent simple annuity or general annuity.

a. Payments are made at the end of each month for a loan that charges 1.05% interest
compounded quarterly.

GENERAL ANNUITY

b. A deposit of Php. 5, 500.00 was made at the end of every three months to an account that earns
5.6% interest compounded quarterly.

SIMPLE ANNUITY

Determine whether the situations describe an ordinary annuity or an annuity due.

1. Gil monthly mortgage payment is P35,250.05 at the end of month.

ORDINARY ANNUITY

2. Apartment rent is P5,000.00 and due at the beginning of each month.

ANNUITY DUE