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Leonardo Barbosa
on Dec 02, 2024

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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.
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mariam AlkhooriDec 05, 2024
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