1) Which is the most basic type of annuity where the payment interval is the same as the interest period? a) Simple Annuity b) Deferred Annuity 2) What does the symbol "R" represents in the simple annuity? a) Interest Rate b) Regular Payment Amount 3) Which of the following formula is use to solve for the future value of simple annuity? a) b) 4) Which of the following formula is use to solve for the present value of simple annuity? a) b) 5) Which of the following is an example of a simple annuity? a) Ana deposits ₱2,000 at the end of every month into a savings account that earns 6% annual interest compounded monthly for 2 years. b) Monthly installment of a car, lot or house with an

Leaderboard

Visual style

Options

Switch template

Continue editing: ?