The future value of an annuity:

A) is the end sum of all payments and all interest if each payment is deposited when received.
B) is the beginning sum and future interest amortized over the life of the annuity.
C) allows for both the time interval and amounts to be different.
D) is the beginning sum and present value calculated into the future.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.

Future Value

The estimated amount of money an investment grows to over some time, factoring in compound interest or returns.

Interest

The cost associated with borrowing funds, often presented as an annual percentage rate.