PRETEST SIMPLE AND GENERAL ANNUITIES

What is referred to as a fixed sum of money paid to someone at regular intervals, subject to a fixed compound interest rate?

• compound interest

• simple interest

• annuity

• annuity certain

What type of annuity is illustrated when the interest conversion or compounding period is equal or the same as the payment interval?

• annuity certain

• annuity uncertain

• simple annuity

• general annuity

Tags

CCSS.HSF-LE.A.1B

What type of annuity is illustrated when the interest conversion or compounding period is unequal or not the same as the payment interval?

• annuity certain

• annuity uncertain

• simple annuity

• general annuity

What do you call the type of annuity in which the payments are made at the end of each payment interval?

• annuity certain

• contingent annuity

• ordinary annuity

• general annuity

Tags

CCSS.HSF-LE.A.1C

What do you call the type of annuity in which the payments extend over an indefinite length of time?

• contingent annuity

• annuity certain

• general annuity

• ordinary annuity