The topic is all about annuities. Here are the 4 types of Annuity. If the problem says at the end of each period it means it is an ordinary annuity. The deferred annuity payments are deferred for several periods. The Annuity Due payments are made at the beginning of each period. Lastly, the perpetuity of the payments continues indefinitely.

Direction: Solve the following questions below. Use pen and paper to solve and please show the step-by-step solution.

Note: if there is an effective rate of interest use it, then don't use shift solve, use the long method to solve. Thank you.

5. DETERMINE THE ANNUAL PAYMENT IF A LOAN AMOUNTING TO P9D.560.45 FROM A BANK WITH AN INTEREST OF 15% COMPOUNDED ANNUALLY WAS AGREED TO PAY ON 14 EQUAL PAYMENTS. THE PAYMENT WILL START AT THE END OF 4 YEARS. 6. XYZ BUILDERS BORROWED MONEY TO BE PAID IN EQUAL PAYMENTS OF P1450030 AT THE END OF EVERY 2 MONTHS FOR 9 YEARS. IF THE INTEREST RATE IS 11% COMPOUDED QUARTERLY, HOW MUCH DID THE COMPANY BORROW