Simple and General Annuities

This refers to a sequence of equal periodic payments made at regular intervals.

• annuity

• simple interest

• compound interest

• annuity certain

It is an annuity which has a fixed or definite term of the beginning and end time of payment.

• annuity certain

• annuity uncertain

• simple annuity

• general annuity

It is an annuity whose payment is the same as the conversion period.

• annuity certain

• annuity uncertain

• simple annuity

• general annuity

It is an annuity in which first payment starts at some future date.

• annuity certain

• deferred annuity

• ordinary annuity

• annuity due

It is an annuity which payment interval and interest period do not coincide.

• annuity certain

• annuity uncertain

• simple annuity

• general annuity

It is an annuity in which payment's beginning and ending is not determined.

• annuity certain

• deferred annuity

• ordinary annuity

• contingent annuity

It is an annuity in which periodic payment starts at the end of each payment interval.

• annuity certain

• deferred annuity

• ordinary annuity

• contingent annuity

It is the amount paid every period.

• Payment Interval

• Term

• Periodic Payment

• Payment

It is an annuity in which periodic payment starts at the beginning of each payment interval

• annuity certain

• deferred annuity

• ordinary annuity

• annuity due

It is the time from the beginning of the first payment interval until the last payment interval.

• Payment Interval

• Term

• Periodic Payment

• Payment