4 Questions
What is the term (t) of an annuity?
The time between the first payment and last payment interval
What is the present value (P) of an annuity?
The sum of present values of all the payments to be made during the entire term of the annuity
What is a General Ordinary Annuity?
A general annuity in which the periodic payment is made at the end of the payment interval
What is a Regular or Periodic payment (R) in an annuity?
The amount of each payment
Test your knowledge about annuities, payment intervals, regular payments, future value, and present value in this quiz. Assess your understanding of the time between successive payments and the amount of each payment.
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