14. How many conversion periods are there?
A. 4 periods
6 periods
C. 10 periods
D. 24 periods
B.
15. How much will be in the fund after 6 years? [F= R (1+5)*-?]
A. Php 140,134.37
C. Php 143,034.37
B. Php 141, 034.37
D. Php 144, 103.37
16. Mrs. Jonabele would like to save P3,500 at the end of each month, for six months, in a
fund that gives 9 percent compounded monthly. How much is the amount or future
value of her savings after six months?
A. Php 12, 937.712
c. Php 21, 937.712
B. Php 21,397.712
d. Php 31, 297.712
For numbers 16-17, refer to the problem below.
A loan of P30,000 is to be repaid monthly for 5 years that will start at the end of
4 years. If interest rate is 12% converted monthly, how much is the monthly payment?
17. What type of annuity is illustrated in the problem?
A. Annuity Due
c. Deferred Annuity
B. Contingent Annuity
d. Ordinary Annuity
18. Calculate for the period of deferral​