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.

3. ABC CONSTRUCTION INVESTED P50,000 PAYABLE SEMI-ANNUALLY FOR 11 YEARS. EACH PAYMENT IS PAYABLE AT THE BEGINNING OF EACH PERIOD. THE RATE OF INTEREST IS 22% COMPOUNDED QUARTERLY. DETERMINE THE AMOUNT FOR EACH PAYMENT. 4. IF THE MONEY IS WORTH 17% COMPOUNDED BI-MONTHLY, DETERMINE THE VALUE OF P22,000 INVESTED INFINITELY PAYABLE SEMI-ANNUALLY