List the five primary characteristics of an annuity and explain the difference between an ordinary annuity and an annuity due

What will be an ideal response?

Answer: Annuity problems can have five variables:
1. Present value
2. Future value
3. Interest rate per compounding period
4. Number of compounding periods
5. Amount of payments
An annuity is a series of equal payments. For an ordinary annuity, those payments occur at the end of each period; for an annuity due, those payments occur at the beginning of each period.

Business

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The consumer decision-making process usually involves both rational and emotional factors

Indicate whether the statement is true or false

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Under what conditions could the law of one price be violated?

What will be an ideal response?

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