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Future Value and Present Value Solving Problems

The document provides 15 supplementary exercises involving calculations of future value, present value, and periodic payments for ordinary annuities with various interest rates compounded monthly, quarterly, semi-annually, annually, and daily over periods ranging from 1 month to 10 years. It also includes calculating the monthly amortization for an automobile loan of P900,000 over 5 years at 9.5% interest compounded monthly.

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Pam G.
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927 views

Future Value and Present Value Solving Problems

The document provides 15 supplementary exercises involving calculations of future value, present value, and periodic payments for ordinary annuities with various interest rates compounded monthly, quarterly, semi-annually, annually, and daily over periods ranging from 1 month to 10 years. It also includes calculating the monthly amortization for an automobile loan of P900,000 over 5 years at 9.5% interest compounded monthly.

Uploaded by

Pam G.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as RTF, PDF, TXT or read online on Scribd
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Lesson 28 Supplementary Exercises

A. Find the future value F of the following ordinary annuities.

1. Monthly payments of P3,000 for 4 years with interest rate of 3%

compounded monthly

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

compounded quarterly

3. Semi-annual payments of P12, 500 with interest rate of 10.5%

compounded semi-annually for 6 years

4. Annual payments of P105,000 with interest rate of 12% compounded

annually for 5 years

5. Daily payments of P20 for 30 days with interest rate of 20%

compounded daily for 1 month

B. Find the present value P of the following ordinary annuities.

6. Monthly payments of P2,000 for 5 years with interest rate of 12%

compounded monthly

7. Quarterly payment of P15,000 for 10 years with interest rate of 8%

compounded quarterly

8. Semi-annual payments of P20,500 with interest rate of 8.5%

compounded semi-annually for 3 years

9. Annual payments of P150,000 with interest rate of 8% compounded

annually for 10 years

10. Daily payments of P54 for 30 days with interest rate of 15%

compounded daily for one month

C. Find the periodic payments of the following ordinary annuities.

11. Monthly payment of the future value of P50,000 for 1 year with an
interest rate of 10% compounded monthly

12. Quarterly payment of an accumulated amount of P80,000 for 2 years

with interest rate of 8% compounded quarterly

13. Payment every six months for the present value of P100,000 for 2

years with an interest rate of 12% compounded semi-annually

14. Annual payment of the loan P800,000 for 5 years with an interest rate

of 9% compounded annually

15. Monthly installment of an appliance cash prize of P20,000 for 6

months with an interest rate of 6% compounded monthly

D. Solve the following problems.

16. How much is the monthly amortization on an automobile loan of

P900,000 to be amortized over a 5-year period at a rate 9.5%

compounded monthly?

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