Rafael has been contributing P500 at the end of each quarter for the past 18 quarters to savings plan that earn 10% compounded quarterly. Which of the following annuities is represented by the situation?.
A. Simple annuity and annuity due
B. General annuity and annuity due
C. Simple annuity and ordinary annuity
D. General annuity and ordinary annuity
A. Simple annuity and annuity due
B. General annuity and annuity due
C. Simple annuity and ordinary annuity
D. General annuity and ordinary annuity
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Answer:
C. simple annuity and ordinary annuity