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Activity 6: Give Me the Future Value of the following General Annuities. 1. Monthly payments of P 3,000 for 4 years with interest rate of
Activity 6: Give Me the Future Value of the following General Annuities. 1. Monthly payments of P 3,000 for 4 years with interest rate of 3% compounded quarterly. 2. Quarterly payment of P 5,000 for 10 years with interest rate of 9% compounded annually. 3. Daily payments of P 20 for 30 days with interest rate of 20% compounded annually. Activity 7: Give Me the Present Value of the following General Annuities. 1. Quarterly payment of P 15,000 for 10 years with interest rate of 8% compounded annually. 2. Annual payments of P 20,500 with interest rate of 8.5% compounded semi- annually for 3 years. 3. Semi-annual payments of P 150,000 with interest rate of 8% compounded annually for 10 years. Activity 8. Give Me the Periodic Payments of the following General Annuities. 1. Monthly payment of the future value of P 50,000 for 1 year with an interest rate of 10% compounded quarterly. 2. Quarterly payment of an accumulated amount of P 80,000 for 2 years with interest rate of 8% compounded annually. 3. Semi-annual payment of the loan P 800,000 for 5 years with an interest rate of 9% compounded annually. Answer the following problems on General Annuity 1. Teacher Kaye is saving P 2,000 every month by depositing it in a bank that gives an interest of 1% compounded quarterly. How much will she save in 5 years? 2. Vladimir purchased a new car for P 99,000 down payment and P 15,000 every month. If the payments are based on 7% compounded quarterly what is the total cash price of his car? 3. In order to have a fund of P 1,000,000 at the end of 12 years, equal deposits every six months must be made. Find the semi-annual payment if interest is at 6% compounded annually. 4. A motorcycle is for sale P 60,500 cash or on installment terms of P 3,000 per month for 2 years at 12% compounded annually. If you were the buyer what would you prefer, cash or installment
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