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raluation ction: Encircle the letter of the correct answer. Payments are made at the beginning of each period and the compounding perigd is EQUAL to the payment period. a. Simple Annuity C. Annuity b. General Annuity ariods Onnuity

raluation ction: Encircle the letter of the correct answer. Payments are made at the beginning of each period and the compounding perigd is EQUAL to the payment period. a. Simple Annuity C. Annuity b. General Annuity ariods Onnuity

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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idad D. Evaluation 1. Payments are made at the beginning of each period and the compounding period is EQUAL to the payment period. a. Simple Annuity Direction: Encircle the letter of the correct answer. c. Annuity b. General Annuity 2. Payments do not coincide with the interest periods. a. Simple Annuity c. Annuity b. General Annuity 3. A sum of money or an investment that is paid at regular intervals. c. Annuity a. Simple Annuity b. General Annuity 4. Reyton decided to save P500 at the end of each month with a 2% compounded monthly interest for 15 months provided by the bank. a. Simple Annuity C. Annuity b. General Annuity 5. Reychael borrowed P180,000. She agrees to pay the principal plus interest by paying an equal amount of money each month for 5 years with a quarterly interest of 7.5%. a. Simple Annuity b. General Annuity c. Annuity 6. To pay for his debt at 12% compounded semi-annually, Ruben committed for 8 quarterly payments of P24,491.28 each. How much did he borrow? a. P172,235.21 b. P172,238 CP172,238.61 d. P172,235 7. To pay for his debt at 12% compounded quarterly, Ruben committed 8 quarterly payments of P28,491.28 each. How much did he borrow? a) P200,000 b. P210,000 c. P180,000 d. P205,000 8. How much should be invested in a fund each year paying 2% compounded annually to accumulate P100,000 in 5 years? a. P19, 215.84 b. P19,000 c. P19,215 d. P19,200.84 9. Reyton decided to save P500 at the end of each month with a.2% compounded monthly interest for 15 months provided by the bank. a. Simple Annuity General Annuity c. Annuity d. None of the above 10. Reychael borrowed P180,000. She agrees to pay the principal plus interest by paying an equal amount of money each month for 5 years with a quarterly interest of 7.5%. a. Simple Annuity b. General Annuity c. Annuity d. None of the above 12
Transcribed Image Text:idad D. Evaluation 1. Payments are made at the beginning of each period and the compounding period is EQUAL to the payment period. a. Simple Annuity Direction: Encircle the letter of the correct answer. c. Annuity b. General Annuity 2. Payments do not coincide with the interest periods. a. Simple Annuity c. Annuity b. General Annuity 3. A sum of money or an investment that is paid at regular intervals. c. Annuity a. Simple Annuity b. General Annuity 4. Reyton decided to save P500 at the end of each month with a 2% compounded monthly interest for 15 months provided by the bank. a. Simple Annuity C. Annuity b. General Annuity 5. Reychael borrowed P180,000. She agrees to pay the principal plus interest by paying an equal amount of money each month for 5 years with a quarterly interest of 7.5%. a. Simple Annuity b. General Annuity c. Annuity 6. To pay for his debt at 12% compounded semi-annually, Ruben committed for 8 quarterly payments of P24,491.28 each. How much did he borrow? a. P172,235.21 b. P172,238 CP172,238.61 d. P172,235 7. To pay for his debt at 12% compounded quarterly, Ruben committed 8 quarterly payments of P28,491.28 each. How much did he borrow? a) P200,000 b. P210,000 c. P180,000 d. P205,000 8. How much should be invested in a fund each year paying 2% compounded annually to accumulate P100,000 in 5 years? a. P19, 215.84 b. P19,000 c. P19,215 d. P19,200.84 9. Reyton decided to save P500 at the end of each month with a.2% compounded monthly interest for 15 months provided by the bank. a. Simple Annuity General Annuity c. Annuity d. None of the above 10. Reychael borrowed P180,000. She agrees to pay the principal plus interest by paying an equal amount of money each month for 5 years with a quarterly interest of 7.5%. a. Simple Annuity b. General Annuity c. Annuity d. None of the above 12
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