This Self-Learning Module (SLM) is prepared so that you, our dear learners, can continue your studies and learn while at home. Activities, questions, directions, exercises, and discussions are carefully stated for you to understand each lesson.
Each SLM is composed of different parts. Each part shall guide you step-by- step as you discover and understand the lesson prepared for you.
One of the dreams of every Filipino family is to purchase a house where they can comfortably live. However, most often they cannot afford to purchase such property in cash. One of the options to realize their dreams is to purchase it on an installment basis. In this situation, the concept of annuities is being used.
In this learning module, learners should be able to investigate and analyze problems involving simple and general annuities. This module was designed and written with you in mind. It is here to help you identify and distinguish simple and general annuities.
After going through this module, you are expected to:
1. define terms that are related to simple and general annuities;
2. illustrates and distinguishes simple and general annuities; and
3. represent annuities to real-life situations.
Please use this module with care. Do not put unnecessary marks on any part of this SLM. Use a separate sheet of paper in answering the exercises and tests. And read the instructions carefully before performing each task.