Question: 6 SIMPLE ANNUITY --GRADE 11 GENERAL MATHEMATICS Q2 Example 1. Determine if the given situations represent simple annuity or general annuity. a) Payments are made

6 SIMPLE ANNUITY --GRADE 11 GENERAL MATHEMATICS Q2 Example 1. Determine if the given situations represent simple annuity or general annuity. a) Payments are made at the end of each month for a loan that charges 1.05% interest compounded quarterly. b) A deposit of P5, 500.00 was made at the end of every three months to an account that earns 5.6% interest compounded quarterly. Give that answer about this

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