The time that intervences between the payment of two successive instalments of an annuity is called _____________.
Payments period
Cessation period
Duration
None of these
What is the amount of annuity due of Rs 100 yearly payable half-yearly for 15 years at 10% compound interest per annum payable half- yearly.
3391.25
3491.25
3521.25
3672.25
An ordinary annuity is also known as ___________________.
Annuity due
Immediate annuity
Deferred annuity
________________ is an annuity which begins and ends a certain fixed dates .
Annuity certain
Annuity Contingent
The present value of a given annuity is the sum of the present values of its different _______________
Instalments
Discount
Endowment fund is also called _______________
Reserve fund
Scholarship fund
Depreciation fund
_________________ is annuity crated for accumulating money that can be used for paying off a financial obligation at some future precided date
Endowment fund
Sinking fund
The scholarship may be paid for a fixed number of years or in perpetuity. Such corpus is called ___________
An ___________________ is a sequence of equal payments made at equal intervals of time, with compound interest on these payments .
Annuity
Trade discount
______________________ is a fund created to discharge a known future liability .
