A(n) __________ __________ is an annuity with payments made at the end of each period.
a. Annuity certain
b. Term annuity
c. Annuity due
d. Annual annuity
e. none of the above
Types of annuity
Annuity is a regular or constant growth rate payments that are paid over a specified period of time. The payments differ and can be made either at the beginning of the period or the end of the period.
Answer and Explanation: 1
An Annual annuity is an annuity with payments made at the end of each period.
Option 'd' is correct
Annuity certain is usually used in post...
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fromChapter 2 / Lesson 7
Learn about annuities. Understand what an annuity is, examine the annuity formula and learn how to calculate its future value, and see examples of annuities.