1. . Identify the given statement whether simple annuity or general annuity. A. Installment payments done every quarter for the entertainment showcase whose interest is 5% compounded annually. B. Payment of P3,000 per year for the accident insurance of Mr. Sy given a 2% interest semiannually. C. Pastor Apolinario's hide out was rented for P200,000 a month with an interest rate of 10% per annum. D. To pay off Mang Kanor's computer set, he makes a regular payment at the end of every 6 months and charge him 2% interest semi-annually.
1. . Identify the given statement whether simple annuity or general annuity. A. Installment payments done every quarter for the entertainment showcase whose interest is 5% compounded annually. B. Payment of P3,000 per year for the accident insurance of Mr. Sy given a 2% interest semiannually. C. Pastor Apolinario's hide out was rented for P200,000 a month with an interest rate of 10% per annum. D. To pay off Mang Kanor's computer set, he makes a regular payment at the end of every 6 months and charge him 2% interest semi-annually.
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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1. . Identify the given statement whether simple annuity or general annuity.
A. Installment payments done every quarter for the entertainment showcase whose interest is 5% compounded annually.
B. Payment of P3,000 per year for the accident insurance of Mr. Sy given a 2% interest semiannually.
C. Pastor Apolinario's hide out was rented for P200,000 a month with an interest rate of 10% per annum.
D. To pay off Mang Kanor's computer set, he makes a regular payment at the end of every 6 months and charge him 2% interest semi-annually.
E. Suppose there are annual payments of P7,000, but the interest is 3%, compounded yearly.
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