Annuities
MS-F5 is worth about 7 marks out of 100 in recent HSC Mathematics Standard 2 papers. Practise 8 exam-style questions (multi-part, numerical answer, multiple choice) with instant marking and a worked solution for every question.
START PRACTISINGExample questions
Example 1 · 3 marks · multi-part
The table shows future value interest factors for an annuity of $1 per period.
| Periods | 0.5% | 1% |
|---|---|---|
| 24 | 25.4320 | 26.9735 |
| 36 | 39.3361 | 43.0769 |
Mei deposits $250 at the end of each month for 3 years into an account earning 6% per annum, compounded monthly.
Example 2 · 2 marks · numerical answer
The present value interest factor for an annuity of $1 per month for 36 months at 1% per month is . Lee can afford car loan repayments of $420 per month for 3 years at 12% per annum, compounded monthly. What is the most Lee can borrow?
Answers and worked solutions appear when you practise these questions.
Other Mathematics Standard 2 topics
- MS-M1Applications of Measurement
- MS-M2Working with Time
- MS-M6Non-right-angled Trigonometry
- MS-M7Rates and Ratios
- MS-F1Money Matters
- MS-F4Investments and Loans
- MS-S1Data Analysis
- MS-S2Relative Frequency and Probability
- MS-S4Bivariate Data Analysis
- MS-S5The Normal Distribution
- MS-A1Formulae and Equations
- MS-A2Linear Relationships
- MS-A4Types of Relationships
- MS-N2Network Concepts
- MS-N3Critical Path Analysis