School Taguig National High School Grade Level 11

DAILY LESSON Learning Area GENERAL

Teacher Maritess V. Miraflor
LOG MATHEMATICS

Dates and Time March 3, 2021 Quarter First

I. OBJECTIVES

The learner demonstrates understanding of key concepts of simple and compound interests,
A. Content Standards
and simple and general annuities

The learner is able to investigate, analyze and solve problems involving simple and compound
B. Performance
interests and simple and general annuities using appropriate business and financial
Standards
instruments.

Objectives:

At the end of the teaching learning process, 100% of the students with 75%
C. Learning
proficiency are expected to:
Competencies/

Objectives a. illustrate ordinary simple annuity and ordinary general annuity;

(Write the LC code b. calculate the future value and present value of ordinary general annuity;
for each)
c. participate actively in the different activities.

M11GM-IIc-1, M11GM-IId-1

II. CONTENT

Basic Concepts of General Annuities

III. LEARNING
RESOURCES

A. References

1. Teacher’s Guide General Mathematics Teacher’s Guide, pages 30-32

pages

2. Learner’s
Mathematics Learner’s Module. pages 183-198
Material pages

3. Textbook pages Mathematics for Grade 11

General Mathematics by Orland Oronce Series 2016, pages 233-242

4. Additional Teacher’s Guide and Legeneralarner’s Module

Materials from
Learning
Resource (LR)
portal

B. Other Learning Grade 11 LCTGs by DepEd Mathematics

Resources /
Materials Google Slides, Google Classroom, Desktop computer, video clips, calculator.

https://quizizz.com/admin/quiz/603d2620494d0a001b93ce96

https://www.youtube.com/watch?v=_Uoa_k18WkI
 Online calculator:

https://www.omnicalculator.com/finance/annuity-future-value

You tube Video posted in Google classroom for advance viewing

https://www.youtube.com/watch?v=s4XeOrq53Z0&t=786s

https://www.youtube.com/watch?v=JFVTluhCyxs

IV. PROCEDURES Teacher’s Activity Student’s Activity

Daily Routine

▪ Requesting everyone to observe silence

for a prayer. Precious please lead the Precious will lead the prayer.
prayer.

▪ Good afternoon Class!

Good afternoon Ma’am Thess!

▪ Karen, can you please tell me who are
absent or who can’t join our online class
for today. Thank you, Karen. No one is absent today mam.

You’re welcome mam.

▪ Class, have you encountered any
problem with your learning materials
posted in your google classroom? Be
reminded class, if you have any
problem, please say so, so we can do
something about it. Always visit your
google classroom, for updated materials
and activities. I am not recommending
you to print them, just download it and
copy important details on your
notebook. Thank you, class.

A. Reviewing Today we will be discussing another type of

previous lesson
Annuity, but before we do, let us play a game
or presenting the
first. As the saying goes, “A person who does
new lesson not remember where he came from will never
reach his destination”, a very popular saying,
passing from one generation to another
generation. Let us check how well you
remember the basic concepts of annuities.
 Quizizz

Instructions:  

1. Open your Quizziz app or type in your

browser joinmyquiz.com

2. Enter the game code.

3. Read before you answer.

Questions:

1. This refers to a sequence of payments made

at equal (fixed) intervals or periods of time.
2. It is a type of annuity where the payment
interval is the same as the interest period.
3. What is equal to the down payment (if there Answer
is any) plus the present value of the
1. Annuity
installment payments?
4. What do you call the type of annuity in 2. Simple Annuity
which the payments are made at the end of
each payment interval? 3. Cash price
5. Which of the following situations is an
example of a simple annuity? 4. Ordinary Annuity
A. ₱ 3,000 deposited every six months for 3 5. C
years at 7% per year compounded monthly
B. ₱ 3,000 deposited every month for 3 years
at 7% per year compounded annually
C. ₱ 3,000 deposited every month for 3 years
at 7% per year compounded monthly
D. ₱ 3,000 deposited every quarter for 3
years at 7% per year compounded monthly

B. Establishing a
purpose for the
lesson/ Very good class. This shows that you’ve “Thank you, ma’am!”
Presenting studied your lessons well.
examples of the Before we proceed, I want you to watch this
new lesson short video, “Building Long Term Wealth”. “Yes Ma’am!”
Bring out your notebook and take note of
some important details.

https://www.youtube.com/watch?
v=_Uoa_k18WkI&t=3s

After watching ask the following questions:

 What is the primary message of this

video?
Possible answer:
 Name investment that decreased in  Make purchases that will
value. increase in value, start investing
  Name investment that increased in early
value.  Cars, electronics, clothing

 Mutual funds, bonds, high

interest savings accounts,
RRSPs (Registered Retirement
Savings Plan), GICs
(Guaranteed Investment
 How does investing early help out
Certificate)
the “Funny Money Man”?
 Has more time for money to
grow

 What details regarding investments  Interest rate, amount invested,

are missing from this cartoon? investment schedule,
compounding periods

One way of building a long-term wealth is

through investment.

An annuity is a financial product that

provides certain cash flows at equal time
intervals, created by financial institutions,
primarily life insurance companies, to
provide regular income to a client. It is a
popular choice among investors, because it
is a guaranteed stream of payments that will
provide an individual with a regular income
for their lifetime.

Or to simply put, annuity is a savings

account that starts paying you back in the
future.

C. Discussing new
concepts and
Start of discussion:
practicing new
skills #1

The teacher will present the slide.

Annuity is defined as a sequence of equal

payments (or deposits) made at a regular
interval of time.

Based on the chart,

What are the two types of Annuity?

Kinds of Annuity Certain:

Answer:

 Two Types of Annuity

 Annuity Certain
 Contingent Annuity
Annuities may be classified in different
 Kinds of Annuity Certain
ways:
 Simple Annuity
 General Annuity

Classify ANNUITY
According to Annuity Certain – an
duration annuity in which
payments begin and end
at definite times.
According to Simple General
payment Annuity – Annuity –
interval and an annuity an annuity
interest period where the where the
payment payment
interval is interval is
the same as not the
the interest same as the
period interest
period.
According to Ordinary Annuity
time of (Annuity Immediate) – a
payment type of annuity in which
the payments are made at
the end of each payment
interval

One of the more important calculations

with regard to these annuities, is how much
money you will have accumulated in the
future if you make a certain fixed payment
every month given a fixed interest rate.

The formulas used for finding the future (S)

and present (A) value of simple ordinary
annuity.

S=R ¿

A=R ¿
 The teacher will explain, that finding the
future and present value of ordinary
annuities is relevant to finding the future
and present value of ordinary general
annuities.

D. Discussing new General Ordinary Annuity is a general

concepts and annuity in which the periodic payment is made
practicing new at the end of the payment interval.
skills #2

Examples of General Annuity:

1. Monthly installment payment of a car, lot, or

house with an interest rate that is compounded
annually

2. Paying a debt semi-annually when the

interest is compounded monthly

Two factors to consider in solving general

annuity.

The first factor is, the ratio of the payment

period and the compounding period, is obtained
and is denoted by g, also known as the number
of payment period per interest period. In
symbols,

compounding period m2
g= =
payment period m1

where, compounding period is the number of

months in a compounding period and payment
period is the number of months in a payment
interval.

Another factor is the calculation of ig , which is

given by the formula:
g
i g =( 1+ i ) −1

Where:

ig = is the equivalent interest rate per payment

interval converted from the interest rate per
period

g = the number of payment period per interest

period
m1 = is the payment interval

m2 = is the length of compounding period

i = interest rate per period

In computing the General Ordinary Annuity,

the following formulas must be used
accordingly:

Example 1

Norman started to deposit ₱2,000 monthly in a

fund that pays 8% compounded quarterly. How
much will be in the fund after 20 years?

Given:

R = ₱2,000 m1 = 12 , m2 = 4 r = 8% or 0.08
t = 20 years

Solution:

Solve for the following:

m2 4
g= =
m 1 12

n=m1 t=12 ( 20 )=¿ 240 payments

r 0.08
i= = =0.02
m2 4

Solve for ig ,
4
g 12
i g =( 1+ i ) −1= (1+ 0.02 ) −1

= 0.00662271

Solve for the future value, S

[ ]
n
( 1+ig ) −1
S=R
ig
 S=2,000 [
( 1+0.00662271 )240 −1
0.00662271 ]
= ₱1,170,348.59

Therefore, the future value of the general

annuity is ₱1,170,348.59

Verify the answer thru this link:

https://www.omnicalculator.com/finance/
annuity-future-value

Example 2

Determine the future value and present value of

an ordinary annuity of ₱2,500 payable annually
for 8 years, if money is worth 8% compounded
quarterly.

Identify the given:

Solve for the following:

a. g
b. n
c. i
d. ig
e. S
f. A

Answer:

Verify the answer thru this link: Given:

https://www.omnicalculator.com/finance/ R = ₱2,500 m1 = 1 , m2 = 4 r = 8% or
annuity-future-value 0.08 t = 8 years
 m2 4
a. g= = =4
m1 1
Therefore, the future and present value of the
annuity are ₱18,452.67 and ₱11,472.42,
b. n=m 1 t=1 ( 6 )=6
respectively.
r 0.08
c. i= = =¿ 0.02
m2 4
g 4
d. i g =(1+i) −1=( 1+ 0.02 ) −1

= 0.08243216

[ ]
6
(1+ 0.08243216) −1
e. S=2,500
0.08243216

= ₱18,452.67

[ ]
−6
1−(1+0.08243216)
f. A=2,500
0.08243216

= ₱11,472.42

E. Developing
mastery
Directions: Complete the data below by
(Leads to applying the concepts of general annuity.
Formative
Assessment 3)
The present value of an annuity of ₱5,000 every
end of 3 months for 10 years when the interest
rate is 4% compounded annually is
₱164,631.30.

Use the given situation to give the values of the

following variables.

Answers:
1. R 6. i
2. t 7. g
1. R = ₱5,000 6. i = 0.04
3. r 8. ig
4. m1 9. S
 5. m2 10. A 1
2. t = 10 7. g =
4

3. r = 0.04 8. ig = 0.00985341

4. m1 = 4 9. S = ₱243,694.50

5. m2 = 1 10. A = ₱164,631.30

F. Finding Group Activity:

practical
Think, Pair and Share Answers of students vary.
applications of
concepts and
skills in daily
living Let’s be practical!

A new brand of cell phone is for sale in SM

Bicutan at ₱ 17,499.00 in cash or in
instalment terms, ₱ 2,000.00 each month
for 1 year at 9% compounded quarterly.

1. If you were the buyer, what do you

prefer? Cash or installment?

2. Why did you choose cash? Installment?

3. What is the advantage of choosing cash

basis?

4. What is the advantage of choosing

installment basis?

Submit on a long bond paper an essay

containing your answer on the questions
above. You should note that the
computation must be included in the front
page of your paper. The essay must consist
of at least 5 sentences and a maximum of
10 sentences on why you must choose your
payment options. Justify your answer with
the computations you had and your own
personal reasons.
 Below is the rubrics for you to be guided in
this activity.
F. Making
generalizations
and Ask the learners to summarize the concept
abstractions learned by answering the following
about the lesson questions.
Answer:
 Can you define Simple and General
Annuity?
 How can we relate Simple and
General annuity?
 What is General Ordinary Annuity?
 Can you give the formula for
computing the future and present
value of general ordinary annuity?
 How can we distinguish between
ordinary simple annuity and
ordinary general annuity?
Simple Annuity – an annuity
where the payment interval is the
same as the interest period
General Annuity – an annuity
where the payment interval is not
the same as the interest period.
Both Simple and General annuity
by definition has fixed term or
definite duration and payments
begin and end at fixed times.
General Ordinary Annuity is a
general annuity in which the
periodic payment is made at the
end of the payment interval.
To compute for the Future value,
we use the formula:
[ ]
n
( 1+ig ) −1
S=R
ig
For the Present value, we use the
formula:
[ ]
−n
1−(1+i g )
A=R
ig
Simple annuity the payment
interval is the same as the interest
period, while General annuity the
 payment interval is not the same as
the interest period

I think you're ready now to have your quiz.

G. Evaluating
learning
For your Quiz

Quizizz

Instructions:

1. Open your Quizizz app or type on

your browser joinmyquiz.com

2. Enter the game code.

3. Read before you answer.

Questions:
Answers:
1. The definition of annuity?
2. What is the formula for finding the 1. A series of equal amount of
future value of a general annuity? payment/deposits made at equal
3. What is the function of this formula? intervals time

A=R
[ 1−(1+i g )−n
ig ] 2. S=R
[ ig
n
( 1+ig ) −1
]
[ ]
n
( 1+ig ) −1
4. S=R , what is the meaning
ig 3. To find the present value of a
of ig? general annuity
 5. What does FMV stand for? 4. Equivalent Interest Rate
6. An annuity whose payment interval is
5. Fair Market Value
the same as the conversion period m.
7. An annuity whose whose compounding 6. Simple annuity
period is not equal to its payment
7. General annuity
period.

[ ]
n
( 1+ig ) −1 8. Periodic payments
8. S=R , what is the meaning
ig
of R?

H. Additional

activities for Visit your Google Classroom, as your

assignment were already posted.
application or

remediation
Solve for the following problems. Answer as
indicated. Write your complete solutions and
answers on a separate sheet of paper.

1. Mrs. Rivera would like to buy a television

(TV) set payable for 6 months starting at
the end of the month. How much is the cost
of the TV set if her monthly payment is
₱3,000 and interest is 9% compounded
semi-annually?

2. Consider an annuity of ₱40,000 deposited

at the end of each year for 5 years at 4%
compounded semi-annually. Which of the
following changes to the annuity would
give the greatest amount?

a. Doubling the regular amount

b. Doubling the interest rate

c. Doubling the time period

3. Mr. and Mrs. Salvador will need ₱400,000

in 2 years to start their own business. They
plan to save money by making monthly
deposits at the end of each month in an
account earning 8% per year compounded
quarterly. How much must they make
monthly?

V. REMARKS

VI. REFLECTION

SECTION

A. No. of learners
 who earned 80%
on the formative
assessment

B. No of learners
who require
additional
activities for
remediation

C. Did the remedial

lessons work? No.
of learners who
caught up with the
lesson

D. No. of learners
who continue to
require
remediation.

E. Which of my
teaching strategies
worked well? Why
did this work?

F. What difficulties
did I encounter
which my
principal or
supervisor can
help me solve?

G. What innovation
or localized
materials did I
use/discover
which I wish to
share with other
teachers?

Checked by:

Mrs. JOSEL PAMINTUAN

MATH Department Head