2. annuity
It is a term that refers to a
deposit or investment
agreement between a
potential depositor or
investor and a financial
institution that promises to
9. annuity
Activity: Create a picture
about this quote of
annuity.
“Last year I had a little
too much fun, this year
is all about saving,
building and growing.”
11. Simple annuity
Ex 1. Your mom decided to
join their office cooperative
and agreed to contribute
P1,000 per month
beginning in January 2016
which will earn 3%
compounded monthly. How
much will be the future
13. Simple annuity
Ex 2. The buyer of a lot
pays P10,000 every
month for 10 years. If
money is 8%
compounded annually,
how much is the cash
14. Simple annuity
Ex 2. The buyer of a lot
pays P10,000 every
month for 10 years. If
money is 8%
compounded annually,
how much is the cash
15. Simple annuity
Ex 3. Your dad started to join
your barangay’s cooperative
and agreed to contribute
P2000 per month starting in
January 2017, which will earn
4% compounded monthly.
a. How much will be the future
value of your dad’s
contribution after March
16. Simple annuity
Ex 3. Your dad started to join
your barangay’s
cooperative and agreed to
contribute P2000 per month
starting in January 2017,
which will earn 4%
compounded monthly.
b. How much will your
17. Simple annuity
Ex 4. Your eldest brother
applied for a term life
insurance. He decided to avail
of Insurance M’s flexible
insurance product. His
contribution per year is
P40,000 that earns 12%
compounded monthly for 20
years. How much will be paid