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Two annual rates with different conversion period that will earn the same maturity value for the same time/term.
Two annual rates with different conversion period that will earn the same maturity value for the same time/term.
Equivalent Rate
Rate when compounded annually will give the same compound each year with the nominal rate; denoted by 1^i
Rate when compounded annually will give the same compound each year with the nominal rate; denoted by 1^i
Effective Rate
Annual interest rate
Annual interest rate
Nominal Rate
Payments by installment are done periodically and in equal amounts
Payments by installment are done periodically and in equal amounts
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the time between successive payments
the time between successive payments
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sequence of payments made at equal/fixed intervals or periods of time
sequence of payments made at equal/fixed intervals or periods of time
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annuity where the payment interval is the same as the interest periods
annuity where the payment interval is the same as the interest periods
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annuity where the payment interval is not the same as the interest period
annuity where the payment interval is not the same as the interest period
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type of annuity in which the payments are made at the end of each payment interval; also known as "Annuity Immediate"
type of annuity in which the payments are made at the end of each payment interval; also known as "Annuity Immediate"
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annuity in which payments begin and end at definite times
annuity in which payments begin and end at definite times
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type of annuity in which the payments are made at the beginning of each payment intervals
type of annuity in which the payments are made at the beginning of each payment intervals
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annuity in which the payments are extend over an indefinite lenght of time
annuity in which the payments are extend over an indefinite lenght of time
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time between the first payment interval and last payment interval
time between the first payment interval and last payment interval
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amount of each payment
amount of each payment
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sum of the future value of all the payments to be made during the entire term of annuity
sum of the future value of all the payments to be made during the entire term of annuity
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sum of the present values of all the payments to be made during the entire term of annuity
sum of the present values of all the payments to be made during the entire term of annuity
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refers to the time between successive period of annuity
refers to the time between successive period of annuity
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the size of each annuity payment
the size of each annuity payment
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annuity that does not begin until a given time interval has passed
annuity that does not begin until a given time interval has passed
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time between the purchase of an annuity and the start of the payment for the deferred annuity
time between the purchase of an annuity and the start of the payment for the deferred annuity
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invests money or make funds available
invests money or make funds available
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owes the money or avail funds from the lender
owes the money or avail funds from the lender
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date in which the money is received by the borrower
date in which the money is received by the borrower
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date on which the money borrowed is to be completely repaid
date on which the money borrowed is to be completely repaid
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amount of time in years the money is borrowed or invested, length of time between the origin and maturity
amount of time in years the money is borrowed or invested, length of time between the origin and maturity
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amount of money borrowed or invested on the origin date
amount of money borrowed or invested on the origin date
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annual rate, usually in percent, charged by the lender
annual rate, usually in percent, charged by the lender
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amount paid or earned for the use of money
amount paid or earned for the use of money
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interest that is computed on the principal and then added to it
interest that is computed on the principal and then added to it
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interest is computed on the principal and also on the accumulated past interest
interest is computed on the principal and also on the accumulated past interest
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amount after t years that the lender receives from the borrower on the maturity date
amount after t years that the lender receives from the borrower on the maturity date
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time between successive conversions of interest
time between successive conversions of interest
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number of conversion periods in one year
number of conversion periods in one year
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