Annuity

Question 1

A series of equal payments at equal intervals of time

Answer 1

Annuity

Question 2

Money from the government

Answer 2

Pension

Question 3

Money from an insurance company or market

Answer 3

Annuity

Question 4

Size of each payments

Answer 4

Periodic payments

Question 5

Range between two successive payments

Answer 5

Periodic interval

Question 6

• Total intervals

- Fron the begging of the first period to the end of the last period

Answer 6

Term

Question 7

Term begins and ends at fixed dates

Answer 7

Annuity certain

Question 8

Payment begins at fixed date but continues forever

Answer 8

Perpetuity

Question 9

When the date of either the first payment or the last payment of an annuity is uncertain, depending upon some events whose dates of occurence cannot be foretold

Answer 9

Contingent annuity

Question 10

One in which the payments are made at the end

Answer 10

Ordinary annuity

Question 11

One in which the payments are made at the beginning

Answer 11

Annuity due

Question 12

An ordinary annuity whose term begins a given number of periods from now, the payments being made at the end of each period after the term begins

Answer 12

Deferred annuity