Question: Identify the correct answer in number 10 and Solve the following problems (1 to 5) 10. - is an annuity where the payment interval is

Identify the correct answer in number 10 and Solve the following problems (1 to 5)

Identify the correct answer in number 10 and
10. - is an annuity where the payment interval is the same as the interest period. Activity 2. Determine if the given problem is an Ordinary or General Annuity. 1. Suppose you would like to have P25, 000 saved 6 years from now to pay towards your down payment on a new house. If you are going to make equal annual end-of-year payments to an investment account that pays 7% compounded monthy, how big do these annual payments need to be? 2. A debt to be paid for 12 years compounded quarterly and paid every 6 months of 4% interest. 3. An appliance to be paid of 5000 pesos paid monthy of 500 pesos with 6% interest. 4. Cris started to deposit P1, 000 monthly in a fund that pays 6% compounded quarterly. How much will be in the fund after 15 years? 5. In order to save for her 18th birthday, Kaye decided to save P350 pesos at the end of each month. If the bank pays 0.250% compounded monthly, how much will her money be at the end of 5 years

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