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Activity 9: Give Me the Period of Deferral in each of the following Deferred Annuities. 1. Monthly payments of P 1,000 for 9 years that
Activity 9: Give Me the Period of Deferral in each of the following Deferred Annuities. 1. Monthly payments of P 1,000 for 9 years that will start 9 months from now. 2. Semi-annual payments of P 12,700 for 5 years that will start 2 years from now. 3. Withdrawals of P 7,200 every 3 months for 9 years that will start at the end of 2 years. 4. Annual payments of P 600 for 7 years that will start 7 years from now. 5. Payments of P 17,000 every 4 years for 12 years starting at the end of 12 years. Problem Solving Solve the following problems completely. 1. A cash loan is to be repaid by paying P 13,500 quarterly for 3 years starting at the end of 4 years. If interest rate is 12% convertible quarterly, how much is the cash loan? 2. A car is to be purchased in monthly payments of P 19,500 for 5 years starting at the end of 3months. How much is the cash value of the car if the interest rate used is 10% converted monthly? 3. A house and lot is to be purchased by paying P 35,500 monthly for 25 years. The first payment is due in 1 year. How much is the cash price of the house and lot if the interest rate is 12% converted monthly? 4. Mr. Canlapan deposited his money from selling his old vehicle. The fund would allow him to withdraw P 45,000 semi-annually for 5 years starting at the end of 1 year. How much is the amount deposited if the interest rate is 2% converted 5. A cellular phone may be purchased at P 1,500 payable monthly for 18 months. The first payment is due after 3 months. How much is the cellular phone if the semi-annually? interest rate is 12% convertible monthly? Activity 9: Give Me the Period of Deferral in each of the following Deferred Annuities. 1. Monthly payments of P 1,000 for 9 years that will start 9 months from now. 2. Semi-annual payments of P 12,700 for 5 years that will start 2 years from now. 3. Withdrawals of P 7,200 every 3 months for 9 years that will start at the end of 2 years. 4. Annual payments of P 600 for 7 years that will start 7 years from now. 5. Payments of P 17,000 every 4 years for 12 years starting at the end of 12 years. Problem Solving Solve the following problems completely. 1. A cash loan is to be repaid by paying P 13,500 quarterly for 3 years starting at the end of 4 years. If interest rate is 12% convertible quarterly, how much is the cash loan? 2. A car is to be purchased in monthly payments of P 19,500 for 5 years starting at the end of 3months. How much is the cash value of the car if the interest rate used is 10% converted monthly? 3. A house and lot is to be purchased by paying P 35,500 monthly for 25 years. The first payment is due in 1 year. How much is the cash price of the house and lot if the interest rate is 12% converted monthly? 4. Mr. Canlapan deposited his money from selling his old vehicle. The fund would allow him to withdraw P 45,000 semi-annually for 5 years starting at the end of 1 year. How much is the amount deposited if the interest rate is 2% converted 5. A cellular phone may be purchased at P 1,500 payable monthly for 18 months. The first payment is due after 3 months. How much is the cellular phone if the semi-annually? interest rate is 12% convertible monthly
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