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difficult terms for review.
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?