Find the period of deferral in each of the following deferred annuity problem. a) Monthly payments of P 2,000 for 5 years that will start 7 months from now. b) Annual payment of P 8,000 for 12 years that will start 5 years from now. c) Quarterly payments of P 5,000 for 8 years that will start two years from now. d) Semi-annual payments of P 6,000 for 3 years that will start 5 years from now. e) Payments of P 3,000 every 2 years for 10 years starting at the end of 6 years.
Find the period of deferral in each of the following deferred annuity problem. a) Monthly payments of P 2,000 for 5 years that will start 7 months from now. b) Annual payment of P 8,000 for 12 years that will start 5 years from now. c) Quarterly payments of P 5,000 for 8 years that will start two years from now. d) Semi-annual payments of P 6,000 for 3 years that will start 5 years from now. e) Payments of P 3,000 every 2 years for 10 years starting at the end of 6 years.
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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Transcribed Image Text:WEEK 7 EXERCISE 1
Find the period of deferral in each of the following deferred annuity problem.
a) Monthly payments of P 2,000 for 5 years that will start 7 months from now.
b)
Annual payment of P 8,000 for 12 years that will start 5 years from now.
c) Quarterly payments of P 5,000 for 8 years that will start two years from now.
d)
Semi-annual payments of P 6,000 for 3 years that will start 5 years from now.
e) Payments of P 3,000 every 2 years for 10 years starting at the end of 6 years.
Solve for the deferred annuity problem.
Emma availed of a cash loan that gave her option to pay P 10,000 monthly for 1 year.
The first payment is due after 6 months. How much is the present value of the loan if
the interest rate is 12% compounded monthly.
1.
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