BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -fixed period annuities. A fixed period annuity pays an income for a specified period of time, such as ten years.

Detailed explanation-2: -Understanding the Annuity Certain Synonyms for annuity certain include years certain annuity, period certain annuity, fixed period annuity, and guaranteed term or guaranteed period annuity. The investor in an annuity certain could easily outlive the payment period.

Detailed explanation-3: -Key Takeaways A term certain annuity is an insurance product that guarantees a periodic payment of a predetermined amount for a fixed term. Once the term has elapsed, these products are spent, and there will be no future payments, even if the annuitant is still alive.

Detailed explanation-4: -In annuity certain, the specific amount of payments are set to begin and end at a specific length of time. A good example of annuity certain is the monthly payments of a car loan where the amount and number of payments are known. In annuity uncertain, the annuitant may be paid according to certain event.