Insurance company 2: Sunlife (₱1,500, 10% monthly)

- We chose sunlife insurance company because it is one of the top 10 best company
which is recommended and rated by others. We also chose this company because
of its financial Solidity and we confirmed it by using independent rating agencies.

Time Present value Future value

10th year ₱ ₱

20th year ₱155,436.93 ₱1,139,053.30

30th year ₱ ₱

Solutions:
PRESENT VALUE
Formula:
PV =R [
1−( 1+ j )−n
j ]
10th year

20th year

[ ( )
]
−20 ( 12 )
0.10
1− 1+
12
PV =1500
0.10
12

¿ 1500
[ 0.8635384891
0.0083333333333 ]
¿ 1500(103.6246187)
= ₱155,436.93
th
30 year
FUTURE VALUE
Formula:
FV =R [
( 1+ j )n−1
j ]
10th year

20th year

[ ( )
]
0.10 20 (12 )
1+ −1
12
FV =1500
0.10
12

¿ 1500
[ 6.328073633
0.0083333333333 ]
¿ 1500 ( 759.368826 )
= ₱1,139,053.30

30th year