Directions: Read each item carefully. Match Column A with the correct answer on Column B, write only the letter of answer on the blank provided. 1. An annuity where the payment interval is not the same as the a) Annuity b) Simple Annuity c) General Annuity d) Ordinary Annuity (or Annuity Immediate) interest period. 2. Type of annuity in which the payments are made at beginning of each payment interval. 3. An annuity where the payment interval is the same as the interest period. e) Annuity Due f) Annuity Certain g) Contingent Annuity h) Term of an Annuity (t) 4. An annuity in which payments begin and end at definite times. 5. Sum of present values of all the payments to be made during the entire term of the annuity. 6. Time between the first payment interval and last payment i) Regular or Periodic
Directions: Read each item carefully. Match Column A with the correct answer on Column B, write only the letter of answer on the blank provided. 1. An annuity where the payment interval is not the same as the a) Annuity b) Simple Annuity c) General Annuity d) Ordinary Annuity (or Annuity Immediate) interest period. 2. Type of annuity in which the payments are made at beginning of each payment interval. 3. An annuity where the payment interval is the same as the interest period. e) Annuity Due f) Annuity Certain g) Contingent Annuity h) Term of an Annuity (t) 4. An annuity in which payments begin and end at definite times. 5. Sum of present values of all the payments to be made during the entire term of the annuity. 6. Time between the first payment interval and last payment i) Regular or Periodic
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
100%
Transcribed Image Text:LETS START I. Matching type.
Directions: Read each item carefully. Match Column A with the correct answer on Column
B, write only the letter of answer on the blank provided.
1. An annuity where the payment interval is not the same as the
a) Annuity
b) Simple Annuity
c) General Annuity
interest period.
2. Type of annuity in which the payments are made at beginning
-
of each payment interval.
d) Ordinary Annuity (or
Annuity Immediate)
e) Annuity Due
3. An annuity where the payment interval is the same as the
interest period.
-
4. An annuity in which payments begin and end at definite times.
5. Sum of present values of all the payments to be made during
f) Annuity Certain
g) Contingent Annuity
the entire term of the annuity.
h) Term of an Annuity (t)
6. Time between the first payment interval and last payment
i) Regular or Periodic
interval.
Payment (P)
7. An annuity in which the payments extend over an indefinite (or
j) Amount (Future Value) of
indeterminate) length of time.
8. Sum of future values of all the payments to be made during
an Annuity (FV)
k) Present Value of an Annuity
the entire term of the annuity.
(PV)
9. A sequence of payments made at equal (fixed) intervals or
period of time.
10. A type of annuity in which the payments are made at the end
of each payment interval.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education