Assessment
Directions: Choose the letter of the correct answer. Write your answer on your
answer sheet.
1. What is the future value of a simple ordinary annuity with monthly
payments of Php 1,200 for 5 years if the interest rate is 3%
compounded monthly?
a. Php 57, 576.06
c. Php 77,576.06
b. Php 67,576.06
d. Php 87,576.06
n
TX 73
ifayments are
Answers
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Answer:
a php 67,576.o6 is the answer
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