DIFFERENTIATION DIFFERENTIATE SIMPLE ANNUITY AND GENERAL ANNUITY.
IDENTIFICATION THE FIRST PAYMENT IS NOT MADE AT THE BEGINNING NOR AT THE END OF THE FIRST PAYMENT INTERVAL BUT A LATER DATE, THAT IS, THE TERM BEGINS AT A FUTURE TIME.
DEFINITION DEFINE ANNUITY.
ENUMERATION COMMON USES OF ANNUITIES
DIFFERENTIATION DIFFERENTIATE ANNUITY DUE AND ORDINARY ANNUITY.
IDENTIFICATION THIS REFERS TO THE SUM OF ALL PAYMENTS OF THE ANNUITY AT THE END OF THE LAST INTEREST CONVERSION PERIOD.
DEFINITION DEFINE DEFERRED ANNUITY .
ENUMERATION ANNUITIES CAN BE CLASSIFIED ACCORDING TO ___________ AND _______________.
IDENTIFIC ATION FOR THE COMPUTATION OF ANNUITIES, WHAT DOES “ R ” STAND FOR?
IDENTIFICATION THIS VALUE MEASURES HOW MUCH YOU WOULD HAVE IN THE FUTURE GIVEN A SPECIFIED INTEREST RATE
DEFINITION DEFINE ANNUITY DUE
ENUMERATION GIVE AT LEAST 3 FORMS OF ANNUITIES
IDENTIFIC ATION PAYMENTS ARE MADE AT THE BEGINNING OF EACH INTEREST CONVERSION PERIOD
IDENTIFICATION ANNUITIES WHERE PAYMENTS ARE MADE AT THE BEGINNING OR AT THE END OF EACH PERIOD AND THE COMPOUNDING PERIOD IS EQUAL TO THE PAYMENT PERIOD