Annuities

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what is an Annuity? It is a series of equal payments, with each payment having the same time interval between them
what are some examples of annuities? Student loan payments, Car loan payments, Insurance premiums, Mortgage payments, Retirement savings
what is an ordinary annuity? It is a series of equal payments made at the END of every period for a a specific number of periods
what is the present value of an ordinary annuity? It is the total value of the series of equal cash flow discounting compound interest
what is a due annuity? It is a series of equal payments made at the START of every period for a a specific number of periods
what is a growing annuity? It is an annuity that increases or decreases by a fixed percentage every year
What is a deferred annuity? It is a constant cash flow that starts at a given point in future

what is an Annuity?

what are some examples of annuities?

what is an ordinary annuity?

what is the present value of an ordinary annuity?

what is a due annuity?

what is a growing annuity?

What is a deferred annuity?

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