General Annuity

The definition of annuity ?

• A series of equal amount of payment /deposits made at equal intervals time

• A series of equal amount of discount made at equal intervals time

• A series of equal amount of annuity made at equal intervals time

• A series of marvel movie !

What is the formula for amount of annuity ?

• $S=\ R\ \frac{\left(1+i\right)^{n\ }+\ 1}{i}$

• $S\ =\ R\ \frac{\left(1+r\right)^{n\ }-\ 1}{i}$

• $S\ =\ R\ \frac{\left(1+r\right)^{n\ }-1}{r}$

• $S\ =\ R\ \frac{\left(1+i\right)^{n\ }-1}{i}$

 $A\ =\ R\ \frac{1-\left(1+i\right)^{-n}}{i}$ 

 what is the function of this formula?

• To find terms of investment 

• To find present value of annuity

• To find Nemo

• To find past annuity

 $S\ =\ R\ \frac{\left(1\ +\ i\ \right)^n-1}{i}$  what is the meaning of  $R$  

• Recycle

• Interest Period

• Periodic Payments

• Interest Rate 

What does APV stand for?

• Annuitant's Payment Validity

• Annuity Payment Valuation

• Annuitant Personal Validation

• Annuity Payment Volatility

What is the residence code for Ontario?

• 05

• 04

• 03

• 06

Member died on July 1, 2019, so the member is entitled to the July 1, 2020 payment

• True

• False

What does ECM stand for?

• Entity Content Maintenance

• Endorsed Customer Management

• Enterprise Content Management

• Email Comprised Mandate

What does class code 7D means?

• Male: Annuity payable for a guaranteed period and life thereafter

• Female: Annuity payable for a guaranteed period and life thereafter

• Male: Annuity payable for life only

• Female: Annuity payable for life only

What bank requires a dash ( - ) before the last no. in account no. when the bank institution is 815?

• Nova Scotia Bank

• BPI/BDO

• Bank of Montreal

• Desjardins Bank