BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Emancipate
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Annuity
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Nomad
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Assimilate
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Detailed explanation-1: -Annuity is defined as a certain sum of money paid in equal intervals. That means that a company would be paying you a certain amount of money that you will receive either lump-sum or over a regular period of time.
Detailed explanation-2: -Definition of an Annuity An annuity is a series of equal cash flows, or payments, made at regular intervals (e.g., monthly or annually). The payments must be equal, and the interval between payments must be regular.
Detailed explanation-3: -The term of the annuity is the time from the beginning of the first payment interval to the end of the last payment interval. A payment interval is the time between successive payments.
Detailed explanation-4: -An Ordinary annuity is a fixed payment made at the end of equal intervals (Semi-annually, Quarterly or monthly), which is mostly used to calculate the present value of fixed payment paying securities like Bonds, Preferred shares, pension schemes, etc.