The amount formulas share a closer relationship than the annuity formulas. Explain and interpret this statement.

Question:

The amount formulas share a closer relationship than the formulas. Explain and interpret this statement.

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...