Asked by
Leonardo Barbosa
on Dec 02, 2024Verified
An annuity is a finite stream of equal payments occurring at regular or irregular time intervals
Annuity
An annuity is a financial product that pays out a fixed stream of payments to an individual, typically used as a retirement strategy to provide steady income.
Equal Payments
Regular payments of the same amount over the course of a loan's term or fixed investment period, often associated with mortgages or annuities.
Time Intervals
Periods or durations between two points or events in time.
- Understand the key aspects and definitions related to annuities, perpetuities, and amortized debt.
Verified Answer
MA
Learning Objectives
- Understand the key aspects and definitions related to annuities, perpetuities, and amortized debt.