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series of equal cash flows occurring each period
series of equal cash flows occurring each period
ANNUITY-
series of equal payments or receipts (at the end of each period)
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
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.
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.
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uniform payments made infinitely (future worth cannot be computed)
a. Ordinary perpetuity
b. Deferred perpetuity
uniform payments made infinitely (future worth cannot be computed) a. Ordinary perpetuity b. Deferred perpetuity
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