Gen.Math Q2 - Quiz No.2

QuizÂ by Jeanilyn Laurio

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15 questions
• 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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