Republic of the Philippines

Region III- Central Luzon

Division of Tarlac
Tarlac National High School- San Miguel Campus
San Miguel, Tarlac City

Portfolio
IN
GENERAL
MATHEMATICS
(Journal Reflection)
Submitted by:
11-Faith
GROUP 2
Rezaih Marie P. Gonzales
Juliane Pearl F. Agustin
Aedessa Bagain
Diana Payanay
Ruel Labog, II

Submitted to:
Mrs. Dana Jane Diaz

Republic of the Philippines

 Region III- Central Luzon
Division of Tarlac
Tarlac National High School- San Miguel Campus
San Miguel, Tarlac City

ANNUITIES
Submitted by:
11-Faith
GROUP 2
Rezaih Marie P. Gonzales
Juliane Pearl F. Agustin
Aedessa Bagain
Diana Payanay
Ruel Labog, II

Submitted to:
Mrs. Dana Jane Diaz
EXAMPLE 1
A PHP 9,995 Zenfone Asus is payable in 1 year.
The buyer must pay every month with an interest rate of
3% compounded monthly. How much should he pay every
month?

jn Given

P= PHP 9,995
𝑗 0.03
i= = =0.0025
𝑚 12
n=(m)(t)=(12)(1)=12

Solution

𝑃𝑖
R=
1−(1+𝑖)−𝑛
(9995)(0.0025)
R=
1−(1+0.0025)−12
24.9875
R=
0.0295181346

R= PHP 846.513

Therefore, the buyer should pay an amount of 846.513

every month.
EXAMPLE 2
Ricardo Dalisay bought a house and lot, Bella Unit
in Camella. He pays PHP 377,000 cash and PHP 25,968
every month for 10 years. If the money is 8% compounded
monthly. How much is the cash value of the house and
lot?

Given
DP = PHP 377, 700
R= PHP 25, 968
𝑗 0.08
i= = =0.006666667
𝑚 12

n= (m)(t)=(12)(10)= 120

Solution
𝑅[1−(1+𝑖)−𝑛 ]
P=
𝑖
25,968[1−(1+0.006666667)−120 ]
P=
0.006666667

P=PHP 2,140,320.979
CV= DP+ P
CV= 377,700+ 2,140,320.979
CV= PHP 2,518,020.979
Therefore, the cash value of the house and lot is PHP
2,518,020.979

EXAMPLE 3
Victoria purchased a Toyota car with a cash
value of PHP 1,187,700.82. If she is required to pay
PHP 19,965 monthly within 5 years with a 6% interest
compounded annually, how much will Victoria pay at the
date of purchased?

Given

CV = PHP 1,187,700.82
R= PHP 19,965
𝑗 0.06
i= = =0.005
𝑚 12

n= (m)(t)=(12)(5)=60

Solution
𝑅[1−(1+𝑖)−𝑛 ]
P=
𝑖
19,965[1−(1+0.005)−60 ]
P=
0.005
5,163.504102
P=
0.005

P= PHP 1,032,700.82
DP = CV- P
DP = 1,187,700.82- 1,032,700.82
DP = PHP 155,000.00
Therefore, the amount of the money she will pay at the date of
purchased or the down payment is PHP 155,000.00

EXAMPLE 4
Xander Ford purchased a motor beat in Honda he pays
PHP 6,513.00 every month in 1 year .If the amount is
worth 2% compounded monthly .What will be the total
payment in 1 year?

Given
R= PHP 6,513.00
𝑗 0.02
i= = =0.001666667
𝑚 12

n=(m)(t)=(12)(1)=12

Solution

𝑅 [(1+𝑖)𝑛 −1]
F=
𝑖

6513 [(1+0.001666667)12 −1]

F=
0.001666667

F= PHP 78,876.43

Therefore, the total payment is PHP 78,876.43

EXAMPLE 5
Emilia Ardiente buys an Oppo A 71, she pays PHP2500
cash and PHP 1,150.00 every month in 6 months. If money
is worth 2% compounded monthly. What will be the cash
value?

Given
D.P.= PHP 2,500
R= PHP 1,150.00
R= 2%= 0.02
𝑗 0.02
i= = =0.001666667
𝑚 12

t= 6 months= .5
n=(m)(t)= (12)(.5)= 6

Solution
𝑅[1−(1+𝑖)−𝑛 ]
P=
𝑖
1,150[1−(1+0.001666667)−6 ]
P=
0.001666667

P= PHP 6,859.93
CV= DP+P
CV= 2500+ 6,859.93
CV= PHP 9,359.93
Therefore, the cash value is PHP 9,359.93