BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A series of equal amount of payment /deposits made at equal intervals time
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A series of equal amount of discount made at equal intervals time
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A series of equal amount of annuity made at equal intervals time
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A series of marvel movie !
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Detailed explanation-1: -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-2: -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-3: -An annuity is a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future. An Annuity plan offers a fixed amount of money for the rest of your life in return for a lump sum payment or a series of instalments.
Detailed explanation-4: -What Is an Ordinary Annuity? An ordinary annuity is a series of equal payments made at the end of consecutive periods over a fixed length of time.
Detailed explanation-5: -The main difference is that in a simple annuity the payment interval is the same as the interest period while in a general annuity the payment interval is not the same as the interest period.