A series of equal periodic payments is referred to as:

Name: A series of equal periodic payments is referred to as:
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An annuity refers to a series of equal periodic payments, often made over a certain period. The payments can be made weekly, monthly or annually, and can be of equal or unequal amounts. Annuity is often used for retirement savings, life insurance, and investment purposes. Time value of money, future value, and interest are related concepts, but they are not the same as an annuity.

A Series of Equal Periodic Payments Is Referred to As