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Financial Mathematics > Annuities > Flashcards

Annuities Flashcards

0
Q

What is an annuity-immediate?

A

An annuity under which payments of 1 are made at the end of each period for n periods.

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1
Q

What is an annuity-due?

A

An annuity for which the payments are made at the beginning of the payment periods.

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Financial Mathematics (4 decks)

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