simple annuity
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OSIMPLEO ANNUITY
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annuityIt is a term that refers to a
deposit or investment
agreement between a
potential depositor or
investor and a financial
institution that promises to
pay out a steady amount of
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annuity1. PALUWAGAN
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annuity2.
PENSI
ON
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annuity
3. MORTRAGE
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annuity
4. INSURANCE
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annuity
5.
RENTA
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annuity6.
EDUCATIONA
L PLAN
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annuityActivity: 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.”
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Simple annuity
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Simple annuity
Ex 1. Your mom decided tojoin their office cooperativeand agreed to contributeP1,000 per monthbeginning in January 2016which will earn 3%compounded monthly. Howmuch will be the futurevalue of your mom’s
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Simple annuity
How about after 5
years?
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Simple annuity
Ex 2. The buyer of a lotpays P10,000 everymonth for 10 years. Ifmoney is 8%compounded annually,how much is the cashvalue of the lot?
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Simple annuity
Ex 2. The buyer of a lotpays P10,000 everymonth for 10 years. Ifmoney is 8%compounded annually,how much is the cashvalue of the lot?
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Simple annuityEx 3. Your dad started to join
your barangay’s cooperativeand agreed to contributeP2000 per month starting inJanuary 2017, which will earn4% compounded monthly.
a. How much will be the futurevalue of your dad’scontribution after March2017?
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Simple annuityEx 3. Your dad started to joinyour barangay’scooperative and agreed tocontribute P2000 per monthstarting in January 2017,which will earn 4%compounded monthly.
b. How much will yourdad’s money grow in 4
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Simple annuity
Ex 4. Your eldest brotherapplied for a term lifeinsurance. He decided to availof Insurance M’s flexibleinsurance product. Hiscontribution per year isP40,000 that earns 12%compounded monthly for 20years. How much will be paidout to him after 20 years by
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