1. It is a series of payments made at equal intervals. A. Annuity B. Interest C. Insurance D. Installment 10. Mrs. Tonnie deposited P10,000 every year for 5 years. The bank credits 2.2% interest compounded annually to Mrs. Tonnie' account. What is the future value of Mrs. Tonnie' annuity? A. P48,022.59 B. P48,256.24 C. $50,000.00 D. P52,248.94 4. It is a type of annuity in which the payments are made at the end of each conversion period. * A. Annuity Certain B. Annuity Due C. Contingent Annuity D. Ordinary Annuity 11. Mrs. Torres deposited P100,000 every year for 5 years. The bank credits 2.2% interest to Mrs. Torres' account. What is the value of R (Regular Payment)? * A. $10,000 B. P22,000 C. P50,000 D. P100,000 15. Mrs. Torres deposited P100,000 every year for 5 years. The bank credits 2.2% interest to Mrs. Torres' account. What is the present value of Mr. Torres' annuity?* A. P467,000.00 B. P467,891.29 C.P468,000.00 D. P468,622.31 13. Mrs. Torres deposited P100,000 every year for 5 years. The bank credits 2.2% interest to Mrs. Torres' account. What is the term in the problem? * A. 1 B. 2.2 C.5 D. 10 5. In annuities, it pertains to the time between successive payments. A. Interest Rate B. Payment Interval C. Principal D. Term 7. Mr. Torres deposited P10,000 every year for 5 years. The bank credits 2.2% interest compounded annually to Mr. Torres' account. What is the value of interest rate per period (j)? A. 1% B. 2.2% C.5% D. 10%