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What is an annuity? * An investment that has no definite end and a stream of cash payments that continues forever A stream of cash
What is an annuity? An investment that has no definite end and a stream of cash payments that continues forever A stream of cash flows that start one year from today and continue while growing by a constant growth rate A series of equal payments at equal time periods and guaranteed for a fixed number of years A series of unequal payments at equal time periods which are guaranteed for a fixed number of years
What is an annuity?
An investment that has no definite end and a stream of cash
payments that continues forever
A stream of cash flows that start one year from today and
continue while growing by a constant growth rate
A series of equal payments at equal time periods and
guaranteed for a fixed number of years
A series of unequal payments at equal time periods which
are guaranteed for a fixed number of years
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