Podcast
Questions and Answers
series of equal cash flows occurring each period
ANNUITY-
series of equal payments or receipts (at the end of each period)
Ordinary annuity-
first payments is made several periods after the beginning of annuity
Deferred annuity-
series of equal payments or receipts occurring over a specified number of periods with the payments or receipts occurring at the beginning of each period.
Signup and view all the answers
uniform payments made infinitely (future worth cannot be computed) a. Ordinary perpetuity b. Deferred perpetuity
Signup and view all the answers
