GEN MATH PROBLEMS FOR MATH MAZE

ANNUITY DUE

 A phone can be bought for 7,000 pesos down payment and 7 equal monthly payments of 2,000
pesos payable every beginning of the month. If the money is worth 7% compounded monthly,
find the cash equivalent of the phone.
 An investment of 6,000 pesos is made at the beginning of each year for 10 years. Find the tota

ORDINARY ANNUITY

 Mrs. Francisco plans to travel with her friends. What amount should she have at the end of each
month in a bank that credits 1.47% compounded monthly for 3 years in order to accumulate the
250 that she needs for her plan?
 Edward work very hard because he wants to have money in her retirement account when she
reaches at the age of 69. He even wants to withdraw 30,000 pesos every end of 2 months for 10
years starting 2 months after he retires. How much must Edward deposit at retirement at 11%
per year compounded quarterly for the annuity?

DEFERRED ANNUITY

 A deferred annuity is purchased that will pay 4,000 pesos per quarter for 8 years after being
deferred for 3 years and with the interest rate of 5% compounded quarterly. What is the present
value of the annuity?
 Solve the amount of money. An investment banker would have to deposit in an investment fund
that will provide him 9,000 pesos at the beginning of each month for 10 years. He receives his first
payment in 1 year from now and the interest rate is 10% compounded semi-annually.
 Determine the present value of a sequence of semi-annual payments of 3,500 pesos each, the
first payment is due after 2 ½ year and the last payment at the end of 7 years. Money is worth 5%
compounded semi-annually.
 Determine the present value of a deferred annuity which will be replaced by a series of equal
annual payments of 2,400 pesos each with the first payment is due at the end of 3 years and the
last payment will be at the end of 6 years. Money is worth 2.70% effective compounded annually.

SIMPLE INTEREST

 Imagine, if you are investing 200,000 pesos with simple interest rate of 2.3% for 7 years, how
much is your money after 7 years?
 To buy a computer, Josiah borrowed 3,000 pesos at 9% interest for 4 years. How much money did
she have to pay back?

COMPOUND INTEREST

 If you are investing 305,000 with an interest of 5% compounded quarterly. If your total money
after your investment is using interest that is compounded quarterly is 250,000, how many years
did he invest in his money?