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II. Determine if the given situations represents a SIMPLE ANNUITY or GENERAL ANNUITY.
1. Liza's monthly mortgage payment is Php 55, 136.10 at the end of each month.
2. The rent of apartment is Php 8,500.00 and due at the beginning of each month.
3. Payments are made at the end of each month for a loan that charges 1.08% interest compounded quarterly.
4. A deposit of Php 7,500.00 was made at the end of every three months to an account that earns 6.5% interest compounded quarterly.
5. Mrs. Cruz monthly payment Php 3,750.00 is due every 29 degrees day of the month.
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