An annuity is a series of consecutive payments that are equal in dollar amount,have interest periods of equal length,and earn an equal interest rate each period.This is the definition of an annuity.

Name: An annuity is a series of consecutive payments that are equal in dollar amount,have interest periods of equal length,and earn an equal interest rate each period.This is the definition of an annuity.
Brand: Quizplus
Rating: 4.7 (62 reviews)

Question

Quizplus · Accepted Answer

This is the correct definition of an annuity.

An Annuity Is a Series of Consecutive Payments That Are