Find the period of deferral in each of the following deferred annuity problems (one way to finnd the period of deferral is to count the number of artificial payments)

1. Monthly payments of P2,000 for 5 years that will start 7 months from now

2. Annual payments of P8,000 for 12 years that will start 5 years from now

3. Quarterly payments of P 5,000 for 8 years that will start two years from now.

4. Semi-annual payments of P60,000 for 3 years that will start 5 years from now

5. Payments of P3,000 every 2 years for 10 years starting at the end of 6 years

Answer rating: 100% (QA)

Answer 1 7 months 2 60 months 3 24 months 4 30 months 5 60 months Explanation The period of deferral ... View the full answer