Annuity

Annuity

University

15 Qs

quiz-placeholder

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Annuity

Annuity

Assessment

Quiz

Business

University

Hard

Created by

Juanito Revaula

Used 13+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ is a cash flow payment which continues indefinitely

Annuity

Perpetuity

Sinking Fund

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main difference between an annuity and a compound interest investment?

A series of payments is made for annuities.

A series of payments is made for annuities.

The cash value of annuities can be figured using the compound interest table.

Annuities involve a series of payments of usually differing amounts, whereas compound investments involve regular contributions of equal amounts.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is payment made on an ordinary annuity?

Beginning of the period

Middle of the period

End of the period

First 3 days of the period

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is payment made on an annuity due?

Beginning of the Period

First 3 days of the period

Middle of the period

End of the period

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

________ is a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main difference between an annuity and a compound interest investment?

A series of payments is made for annuities.

Annuities involve a series of payments of usually differing amounts, whereas compound investments involve regular contributions of equal amounts.

The cash value of annuities can be figured using the compound interest table.

Compound interest investments are for a shorter time period.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of an annuity payment is based upon which of the following factors?

Starting principal

Income period

Interest

All of the above

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