The amount of an _______________annuity is the value of the annuity at the end of the term.
Ordinary annuity
Annuity due
Deferred annuity
None of these
The time between two successive payment dates of an annuity is called its________________.
Cessation period
Duration
Payment period
The payments of each single annuity is called an __________.
Instalment
________________ is an annuity which begins and ends a certain fixed dates .
Annuity certain
Annuity Contingent
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
______________________ is a fund created to discharge a known future liability .
Endowment fund
Sinking fund
Reserve fund
If the payments are made at the beginning of the periods, it is called _________________.
Perpetuity due
Annuity contingent
_________________ is annuity crated for accumulating money that can be used for paying off a financial obligation at some future precided date
The present value of a given annuity is the sum of the present values of its different _______________
Instalments
Discount
Endowment fund is also called _______________
Scholarship fund
Depreciation fund