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The Term of Annuity Is

Question 64
Multiple Choice

The term of annuity is A)the interval between the first and the last payments B)the length of the payment interval C)the length of time from the beginning of the first payment interval to the end of the last payment interval D)the length of the conversion interval E)the length of time between the successive payments

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Q 65
Regular contributions of $200 are made at the end of each month for five years into a savings account earning interest at 4% compounded quarterly.The annuity can be classified as A)ordinary general annuity B)ordinary annuity due C)ordinary simple annuity D)perpetuity E)this is not an annuity
Q 66
Calculate the accumulated value of quarterly payments of $100.00 made at the end of each quarter for ten years just after the last payment has been made if interest is 8% p.a.compounded quarterly. A)$4003.91 B)$6040.20 C)$2040.00 D)$4415.88 E)$2015.88
Q 67
Calculate the accumulated value of monthly payments of $100.00 made at the end of each month for ten years just after the last payment has been made if interest is 12% p.a.compounded monthly. A)$23 003.87 B)$33 003.87 C)$12 000 D)$1 046.22 E)$330 003.87
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