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Ray Wang
01/13/2024 · Middle School

Directions: Solve the following problems on Deferred Annuity. Camille availed a loan from a bank that gives her an option to pay 820,000 monthly for 2 years. The first payment is due after 4 months. How much is the present value of the loan if the interest is \( 10 \% \) converted monthly? Marie purchased a smart television set through the credit cooperative of th company. The company provides an option for a deferred payment. Marie decided to pay after 2 months of purchase. Her monthly payment is computed as \( \nexists 3,800 \) payable in 12 months. How much is the cash value of the television set if the interest rate is \( 12 \% \) convertible monthly?

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Camille's loan present value: 15,646,000 PHP Marie's TV cash value: 42,114.51 PHP

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