Annuity Terms
11th Grade
•12 Qs
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Annuity Terms
Quiz
•
Mathematics
•
11th Grade
•
Practice Problem
•
Hard
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12 questions
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1.
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1 min • 1 pt
Sequence of equal payments made at equal time intervals
Ex. daily wages, periodic payments of installment purchases, montly rent, annual insurance premium
2.
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1 min • 1 pt
Time between successive payments
3.
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1 min • 1 pt
Time between the first and last payment intervals
4.
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1 min • 1 pt
Amount of each payment
5.
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1 min • 1 pt
An annuity for which the payment period is the same as the interest period
Ex. An annuity for which the interest rate is compounded monthly and payments are also made monthly
6.
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1 min • 1 pt
Interest and payment periods do not coincide with one another
Ex. An annuity for which the interest rate is compounded monthly while payments are made monthly
7.
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1 min • 1 pt
Annuity where payments begin and end at fixed times
Ex. Installment
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