Annuity and Payment Intervals Quiz
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Questions and Answers

What is the term (t) of an annuity?

  • The amount of each payment
  • The time between the first payment and last payment interval (correct)
  • The time between successive payments
  • The sum of future values of all the payments to be made during the entire term of the annuity

    • What is the present value (P) of an annuity?

  • The amount of each payment
  • The sum of present values of all the payments to be made during the entire term of the annuity (correct)
  • The sum of future values of all the payments to be made during the entire term of the annuity
  • The time between successive payments

    • What is a General Ordinary Annuity?

  • The sum of future values of all the payments to be made during the entire term of the annuity
  • An annuity where the payment interval is not the same as the interest compounding period
  • The amount of each payment
  • A general annuity in which the periodic payment is made at the end of the payment interval (correct)

    • What is a Regular or Periodic payment (R) in an annuity?

    <p>The amount of each payment</p> Signup and view all the answers

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