9. To solve for the present value of a simple ordinary annuity, which of the following equations will 1. Which of the following refers to a type of annuity in which payments are made of each payment interval? A. Simple Annuity C. Annuity Due B. General Annuity D. Contingent Annuity 2. If the situation describes an Ordinary Annuity, which of the following would you prefer to determine your choice? A. Sir Zabala's monthly mortgage payment is P 150,145.60 at the end of each month. B. Payments are made at the end of each month for a loan that charges 1.05% interest compounded quarterly. C. Rental for the apartment is P 7,000.00 and due at the beginning of each month. D. Juana's deposit of P 25,500 was made at the end of every three months to an account that earns 5.6% interest compounded quarterly. 3. If you pay 50,000 at the end of each month for 40 years or account that pays interest at 10% compounded monthly, how much money do you have after 40 years? A. P 376,302.16 C. P 200,306.37 B. P 316,203.98 D. P 283,111.72 4. Marjorie works very hard because she wants to have enough money in her retirement account when she reaches the age of 60. She wants to withdraw P 36,000.00 every 3 months for 20 years starting 3 months after she retires. How much must Marjorie deposit for her retirement at 12% ten year compounded quarterly for the annuity? A. P 86,400.16 C. P 1,087,227.48 B. P 2,160,000.70 D. P 345,600.00 5 What is the present value of annuity of P 150,000 payable at the end of each 6-month period for 2 years if money is worth 8%, compounded semi-annually? A. P538,240.00 C. P 588,000.00 B. P 501,800.42 D. P 544,484.28 6. In this diagram: 10,000 10,000 0 1 2 3 80 81 82 If you assume that there are payments in the period deferral, there would be a total of K+n= 80 + 20 = 100 payments. What is the present value of the deferred annuity? A. P 43,838.18 C. P 33,538.38 B. P 23,518.28 D. P 53,385.08 7. Paying a debt semi-annually when the interest is compounded monthly is an example of A. General Annuity C. Simple Annuity B. Annuity Certain D. Ordinary Annuity 8. Supposed you like to save P50,000 for your birthday, how much should you deposit in your savings account every month for 5.5 years if the interest is 0.25% compounded monthly? A. P 468.75 C. P 644.26 . P 752.46 D. P 519.24 100 you used to manipulate the value