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Gen.Math Q2 - Quiz No.2

Quiz by Jeanilyn Laurio

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15 questions
Show answers
  • Q1
    It is a sequence of payments made at a equal time periods.
    Annuity
    Annuity certain
    Present Value
    Periodic payment
    30s
  • Q2
    It is the time between successive payments
    Annuity due
    Simple annuity
    General annuity
    Payment interval
    30s
  • Q3
    Time between the first payment interval and last payment interval.
    Term of Annuity
    Contingent annuity
    Present value
    Peridic payment
    30s
  • Q4
    It is the amount of each payment.
    Contingent annuity
    Periodic payment
    Annuity certain
    Future value
    30s
  • Q5
    It refers to the sum of future values of all payments to be made during the entire term of the annuity.
    Amount of annuity
    Present value
    Payment interval
    Annuity certain
    30s
  • Q6
    It is the sum of present values of all payments to be made during the entire term of the annuity.
    Present value
    Future value
    Payment interval
    Term of annuity
    30s
  • Q7
    It is an annuity where payment interval is the same as the interest period.
    General Annuity
    Simple annuity
    Annuity
    Periodic payment
    30s
  • Q8
    It is an Annuity where the payment interval is not the same as the interest period.
    Periodic payment
    General Annuity
    Annuity
    Simple annuity
    30s
  • Q9
    It is a type of Annuity in which the payments are made at the end of each payment interval.
    Annuity due
    General annuity
    Ordinary annuity
    Simple annuity
    30s
  • Q10
    It is a type of Annuity in which the payments are made at the beginning of each payment interval.
    Annuity due
    Simple annuity
    General annuity
    Ordinary annuity
    30s
  • Q11
    It is an Annuity in which payments begin and end at definite times.
    Contingent annuity
    Ordinary annuity
    Annuity due
    Annuity certain
    30s
  • Q12
    It is an Annuity in which the payments extend over an indefinite length of time.
    Contingent annuity
    Annuity due
    Ordinary annuity
    Annuity certain
    30s
  • Q13
    It is use to illustrate the breakdown of payment in an annuity.
    Annuity timeline
    Payment timeline
    Time diagram
    Term diagram
    30s
  • Q14
    How much must be deposited now in the bank paying 15% compounded semi-annually if it is desired that a semi-annually withdrawal of 7,000php can be made for 5 years?
    4, 804.57 php
    48,048.57 php
    480,048.57 php
    300s
  • Q15
    Find the present value of an ordinary annuity of 1,350php payable for 3 years and 6 months if money is worth 18% compounded monthly?
    418,419.77php
    41,841.97php
    4,184.97php
    300s

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