The payments of each single annuity is called an __________.
Cessation period
Duration
Instalment
None of these
An ordinary annuity is also known as ___________________.
Annuity due
Immediate annuity
Deferred annuity
The amount of an _______________annuity is the value of the annuity at the end of the term.
Ordinary annuity
_________________ is annuity crated for accumulating money that can be used for paying off a financial obligation at some future precided date
Endowment fund
Reserve fund
Sinking fund
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
If the payments are made at the beginning of the periods, it is called _________________.
Annuity certain
Perpetuity due
Annuity contingent
Endowment fund is also called _______________
Scholarship fund
Depreciation fund
_________________ is one when payments are made till the happening of an event such as death of a person, the marriage of girl.
Annuity Certain
Annuity Contingent
Annuity perpectual
Instruments
The time that intervences between the payment of two successive instalments of an annuity is called _____________.
Payments period
Deferred annuity is also called ___________________
Reversion