Annuities

What do you call a sequence of payments made at equal time periods?

• Annuity

• Simple Interest

• Principal

• Compound Interest

What is a type of annuity where the payment interval is the same as the interest period?

• General Annuity

• Simple Annuity

• Simple Interest

• Compound Interest

What is the type of annuity in which the payment interval is not the same as the interest period?

• General Annuity

• Simple Annuity

• Simple Interest

• Compound Interest

Installment payment for an appliance at the end of each month with interest compounded monthly is an example of what type of annuity?

• General Annuity

• Simple Annuity

• Ordinary Annuity

• Annuity Due

Installment payment for an appliance at the beginning of each month with interest compounded monthly is an example of what type of annuity?

• General Annuity

• Simple Annuity

• Ordinary Annuity

• Annuity Due

Which is NOT an example of Annuity?

• House and Lot payment

• Tuition Fee

• Life Insurance

• Installment basis of paying a car

What is the sum of present values of all the payments to be made during the entire term of the annuity?

• Present Value of an Annuity

• Future Value of an Annuity

• Periodic Payment

• Term of an Annuity

What is the time between the first payment interval and last payment interval?

• Periodic Payment

• Term of an Annuity

• Payment Interval

• Present Value of an Annuity

What is the sum of future values of all the payments to be made during the entire term of the annuity?

• Periodic Payment

• Payment Interval

• Present Value of an Annuity

• Future Value of an Annuity

What is the time between successive payments?

• Periodic Payment

• Term of an Annuity

• Time

• Payment interval