Misterunknown13025viz
Answered

Given the following situations, illustrate and distinguish whether it is simple annuity or general annuity.

1. Monthly payments of P3,000 for 4 years with interest rate of 36 compounded monthly.

2. Semi-annual payments of P150,000 with intrest rate of 8% compounded annually for 10 years.

3. Annual payments of P20.500 with interest rate of 8.5% compounded semi-annually for 3 years.

4. Quarterly payment of P5,000 for 10 years with interest rate of 2% compounded quarterly,

5. Quarterly payment of P15,000 for 10 years with interest rate of 8% compounded annually.

Please me​

Sagot :

Sheeneljpenaflorviz

Answer:

How do you determine if it is simple or general annuity?

The main difference is that in a simple annuity the payment interval is the same as the interest period while in a general annuity the payment interval is not the same as the interest period.

Step-by-step explanation:

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