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# I. Fill in the blanks with the correct answer.

## 1. A sequence of periods made at equal time periods is a/an _____________.

2. A simple annuity in which payments are made at the end of each period is ___________.
3. An annuity where payment interval is not the same as interest period is _________.
4. An annuity where payment interval is not the same as interest period is _________.
5. An annuity in which payments begin and end in definite times is a/an ____________.
II. Solve the following problems completely!
1. Find the present value and future value of ordinary annuity of 5,000 payable semi-annually for 10 years if money is worth 6%
compounded semi-annually.
2. To pay for his debt at 12% compounded quarterly, Mildred Caban committed for 8 quarterly payments of 28,491.28 each. How much did
she borrow?
3. Juvie Mae, a high school student would like to save 50,000 for his graduation. How much should she deposit in savings account every
month for 5.5 years if interest is at 0.25% compounded monthly?
4. Engineer Martinez bought a car and pays 169,000 cash and 12,000 every month for 5 years. If money is 10% compounded monthly, how
much is the cash price of the car?
5. A TV set is for sale at 13,499 in cash or on installment terms, 2,500 each month for the next 6 months at 9% compounded monthly. If
you were the buyer, what would you prefer, cash or installment?

## I. Fill in the blanks with the correct answer.

1. A sequence of periods made at equal time periods is a/an _____________.
2. A simple annuity in which payments are made at the end of each period is ___________.
3. An annuity where payment interval is not the same as interest period is _________.
4. An annuity where payment interval is not the same as interest period is _________.
5. An annuity in which payments begin and end in definite times is a/an ____________.
II. Solve the following problems completely!
1. Find the present value and future value of ordinary annuity of 5,000 payable semi-annually for 10 years if money is worth 6%
compounded semi-annually.
2. To pay for his debt at 12% compounded quarterly, Mildred Caban committed for 8 quarterly payments of 28,491.28 each. How much did
she borrow?
3. Juvie Mae, a high school student would like to save 50,000 for his graduation. How much should she deposit in savings account every
month for 5.5 years if interest is at 0.25% compounded monthly?
4. Engineer Martinez bought a car and pays 169,000 cash and 12,000 every month for 5 years. If money is 10% compounded monthly, how
much is the cash price of the car?
5. A TV set is for sale at 13,499 in cash or on installment terms, 2,500 each month for the next 6 months at 9% compounded monthly. If
you were the buyer, what would you prefer, cash or installment?

## I. Fill in the blanks with the correct answer.

1. A sequence of periods made at equal time periods is a/an _____________.
2. A simple annuity in which payments are made at the end of each period is ___________.
3. An annuity where payment interval is not the same as interest period is _________.
4. An annuity where payment interval is not the same as interest period is _________.
5. An annuity in which payments begin and end in definite times is a/an ____________.
II. Solve the following problems completely!
1. Find the present value and future value of ordinary annuity of 5,000 payable semi-annually for 10 years if money is worth 6%
compounded semi-annually.
2. To pay for his debt at 12% compounded quarterly, Mildred Caban committed for 8 quarterly payments of 28,491.28 each. How much did
she borrow?
3. Juvie Mae, a high school student would like to save 50,000 for his graduation. How much should she deposit in savings account every
month for 5.5 years if interest is at 0.25% compounded monthly?
4. Engineer Martinez bought a car and pays 169,000 cash and 12,000 every month for 5 years. If money is 10% compounded monthly, how
much is the cash price of the car?
5. A TV set is for sale at 13,499 in cash or on installment terms, 2,500 each month for the next 6 months at 9% compounded monthly. If
you were the buyer, what would you prefer, cash or installment?
I. Fill in the blanks with the correct answer.
1. A sequence of periods made at equal time periods is a/an _____________.
2. A simple annuity in which payments are made at the end of each period is ___________.
3. An annuity where payment interval is not the same as interest period is _________.
4. An annuity where payment interval is not the same as interest period is _________.
5. An annuity in which payments begin and end in definite times is a/an ____________.
II. Solve the following problems completely!
1. Find the present value and future value of ordinary annuity of 5,000 payable semi-annually for 10 years if money is worth 6%
compounded semi-annually.
2. To pay for his debt at 12% compounded quarterly, Mildred Caban committed for 8 quarterly payments of 28,491.28 each. How much did
she borrow?
3. Juvie Mae, a high school student would like to save 50,000 for his graduation. How much should she deposit in savings account every
month for 5.5 years if interest is at 0.25% compounded monthly?
4. Engineer Martinez bought a car and pays 169,000 cash and 12,000 every month for 5 years. If money is 10% compounded monthly, how
much is the cash price of the car?
5. A TV set is for sale at 13,499 in cash or on installment terms, 2,500 each month for the next 6 months at 9% compounded monthly. If
you were the buyer, what would you prefer, cash or installment?