Gen.Math Q2 - Quiz No.2

QuizÂ by Jeanilyn Laurio

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15 questions

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- Q1It is a sequence of payments made at a equal time periods.AnnuityAnnuity certainPresent ValuePeriodic payment30s
- Q2It is the time between successive paymentsAnnuity dueSimple annuityGeneral annuityPayment interval30s
- Q3Time between the first payment interval and last payment interval.Term of AnnuityContingent annuityPresent valuePeridic payment30s
- Q4It is the amount of each payment.Contingent annuityPeriodic paymentAnnuity certainFuture value30s
- Q5It refers to the sum of future values of all payments to be made during the entire term of the annuity.Amount of annuityPresent valuePayment intervalAnnuity certain30s
- Q6It is the sum of present values of all payments to be made during the entire term of the annuity.Present valueFuture valuePayment intervalTerm of annuity30s
- Q7It is an annuity where payment interval is the same as the interest period.General AnnuitySimple annuityAnnuityPeriodic payment30s
- Q8It is an Annuity where the payment interval is not the same as the interest period.Periodic paymentGeneral AnnuityAnnuitySimple annuity30s
- Q9It is a type of Annuity in which the payments are made at the end of each payment interval.Annuity dueGeneral annuityOrdinary annuitySimple annuity30s
- Q10It is a type of Annuity in which the payments are made at the beginning of each payment interval.Annuity dueSimple annuityGeneral annuityOrdinary annuity30s
- Q11It is an Annuity in which payments begin and end at definite times.Contingent annuityOrdinary annuityAnnuity dueAnnuity certain30s
- Q12It is an Annuity in which the payments extend over an indefinite length of time.Contingent annuityAnnuity dueOrdinary annuityAnnuity certain30s
- Q13It is use to illustrate the breakdown of payment in an annuity.Annuity timelinePayment timelineTime diagramTerm diagram30s
- Q14How 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 php48,048.57 php480,048.57 php300s
- Q15Find the present value of an ordinary annuity of 1,350php payable for 3 years and 6 months if money is worth 18% compounded monthly?418,419.77php41,841.97php4,184.97php300s