DEPARTMENT OF EDUCATION

DIVISION OF ANTIQUE
AURELIANA NATIONAL HIGH SCHOOL
AURELIANA, PATNONGON, ANTIQUE

WORKSHEET ON GENERAL ANNUITY

A. Identify each given situations whether it represents simple annuity or general

annuity. Write your answer on the underlined provided.
__________1) Payments are made at the end of each month for a loan that charges
1.05% interest compounded quarterly.
__________2) A deposit of Php 5 500 was made at the end of every three months to
an account that earns 5.6% interest per year compounded quarterly.
__________3) Deposits are made every 5 months for ten years at 6% per year
compounded semi-annually.
__________4) A Deposit of of Php 200 every year for 15 years at 10% per year
compounded annually.
__________5) A payment of Php 5 every day for 3 years at 8% per year
compounded daily.

B. Read carefully each problem below. Show your complete solution and write the
final answer by completing the table.

Situation 1: Arianne is planning to buy a car. She went to a bank and deposit Php
25,000 at the end of each year for 5 years at 8% interest compounded annually.
Complete the table below.
Period Payment Future value at the end of each period
0 25000
1 25000
2 25000
3 25000
4 25000
5 25000 25000(1+ 0.08)0 = 25000
Total

Situation 2. Wena wants to save for his future. She deposit Php15,000 per year in a
bank that pays 1.5% interest compounded annually for 5 years.
Complete the table below.
Period Payment Present value at the end of each period
0 15000 15000(1+ 0.015)0 = 15000
1 15000
2 15000
3 15000
4 15000
5 15000
Total