Annuity Quiz
Authored by AR Norzanah
Mathematics
University
CCSS covered
Used 3+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is an annuity?
A series of random payments
A series of unequal payments
A one-time payment
A series of equal payments
Tags
CCSS.HSA.SSE.B.4
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the future value of an annuity?
The amount of periodic payment
The total interest earned
The present value of the periodic payments
The sum of all future values of the periodic payments
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In the context of annuity, what does the present value represent?
The amount of periodic payment
The sum of all future values of the periodic payments
The total interest earned
The sum of all present values of the periodic payments
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the formula for calculating the future value of an ordinary annuity certain?
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the future value of an annuity?
The amount of periodic payment
The sum of all future values of the periodic payments
The present value of the periodic payments
The total interest earned
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the present value of an annuity?
The sum of all future values of the periodic payments
The total interest earned
The sum of all present values of the periodic payments
The amount of periodic payment
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the formula for calculating the Interest of future value of an ordinary annuity certain?
I=S-nR
I=A-nR
I=S-A
I=nS-R
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