Annuity Introduction Review

What do we call accounts associated with streams of annuity payment?

• Annuities

• Regular Payment

• Periodic Payment

• Future Value

Which term is referred as the time between the successive payment dates of an annuity?

• Regular Payment

• Periodic Payment

• Future Value

• Payment Interval

Which of the following is not considered as classification of annuities?

•    According to payment and interest rate

• According to payment and interest period

• According to time of payment

• According to duration

Which of the following is an annuity in which payments begin and end at definite times?

• Annuity Certain

• Simple Annuity

• General Annuity

• Contingent Annuity

Which is a sequence of payments made at equal (fixed intervals or periods of time)?

• Annuity

• Simple Interest

• Compound Interest

• Future Value

Which of the following is an annuity where the payment intervals is the same as the interest period?

• Simple Annuity

• Certain Annuity

• General Annuity

• Contingent Annuity