BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A sequence of payments made at equal (fixed) intervals or periods of time
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Annuity
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Bond
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Stocks
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Income
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Explanation:
Detailed explanation-1: -A sequence of equal payments made at equal periods of time is called an annuity. Annuity Due: the payments are made at the beginning of each period.
Detailed explanation-2: -A series of payments made at equal intervals of time is called an annuity. An annuity where payments are guaranteed to occur for a fixed period of time.
Detailed explanation-3: -a. A sequence of payments made at equal time periods is a/an . Answer: Annuity b. A simple annuity in which the payments are made at the end of each period is a/an .
There is 1 question to complete.