Difference between revisions of "Annuity"
From Wiki @ Karl Jones dot com
Karl Jones (Talk | contribs) (Created page with "An '''annuity''' is a series of equal payments at regular intervals. == Description == Examples of annuities are regular deposits to a savings account, monthly home mortgage...") |
Karl Jones (Talk | contribs) (→External links) |
||
| Line 22: | Line 22: | ||
* [https://en.wikipedia.org/wiki/Annuity Annuity] @ Wikipedia | * [https://en.wikipedia.org/wiki/Annuity Annuity] @ Wikipedia | ||
| + | [[Category:Mathematics]] | ||
Latest revision as of 07:00, 17 March 2016
An annuity is a series of equal payments at regular intervals.
Description
Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments.
Annuities are classified by the frequency of payment dates.
The payments (deposits) may be made weekly, monthly, quarterly, yearly, or at any other interval of time.
Life annuity
An annuity which provides for payments for the remainder of a person's lifetime is a life annuity.
See also
External links
- Annuity @ Wikipedia
