What type of annuity involves payments made at the end of each period?

Calculating Future and Present Value of Ordinary Annuities

Interactive Video
•
Mathematics
•
9th - 12th Grade
•
Hard

Olivia Brooks
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Deferred annuity
Immediate annuity
Annuity due
Ordinary annuity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which formula is used to calculate the future value of an annuity?
N = ...
R = ...
S = ...
P = ...
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the variable 'R' represent in the annuity formulas?
Interest rate
Number of payments
Regular payment amount
Present value
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If payments are made quarterly, what is the value of 'n' in the annuity formulas?
12
1
4
2
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does increasing the frequency of payments affect the future value of an annuity?
Has no effect on the future value
Increases the future value
Only changes the interest rate
Decreases the future value
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the effect of compounding on the future value of an annuity?
Decreases the number of payments
Increases the future value
No effect
Reduces the future value
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of calculating the present value of an annuity?
To find out the worth of future payments in today's terms
To determine the total future payments
To establish the number of payments
To calculate the interest rate
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