B17 Basic Annuities - Misc. Flashcards
1
Q
what is deferred annuity?
A
annuity with payments that do not start in the first period
2
Q
what is current value?
A
value of an annuity at a time during the payments
3
Q
what is the notation for an m period deferred annuity with n payments?
A
m|a angle n
4
Q
Express an m period deferred annuity with n payments in terms of a angle n and v.
A
m|a angle n = v^m * a angle n
