Title 8. NOTES_Ordinary Annuity.pdf ✅

Basic Concept of Annuity By: Mrs. Alona A. Cabatit General Mathematics – LSGH
Annuities An annuity is a sequence of equal payments made at equally spaced intervals of time. The period of an annuity is the time interval between two consecutive payments. The term of an annuity is the total time involved in completing the annuity. Ordinary annuities have payments made at the end of the payment period. https://www.investopedia.com/ask/answers/070915/what-difference-between-present-value-annuity-and-future- value-annuity.asp#:~:text=The%20present%20value%20of%20an,will%20be%20achieved%20over%20time.
Annuity Annuity is a sequence of periodic payments paid or received at equal time intervals. - house rental payments - insurance premiums - pensions