What is the type of annuity where the payments are made at the end of each period starting from the first period ?
A. Ordinary annuity
B. Perpetuity
C. Annuity due
D. Deferred annuity
A. Ordinary annuity
B. Perpetuity
C. Annuity due
D. Deferred annuity
A. Par value of bond
B. Face value of bond
C. Redeemed value of bond
D. Value of bond
A. Ordinary annuity
B. Perpetuity
C. Annuity due
D. Deferred annuity
A. Ordinary annuity
B. Perpetuity
C. Annuity due
D. Deferred annuity
A. T-bills
B. Securities
C. Bond
D. Bank notes
A. Ordinary annuity
B. Perpetuity
C. Annuity due
D. Deferred annuity
A. The amounts of all payments are equal.
B. The payments are made at equal interval of time.
C. The first payment is made at the beginning of the first period.
D. Compound interest is paid on all amounts in the annuity.
Which is NOT an essential element of an ordinary annuity ? Read More »
Engineering Economy A. Bond
B. T-bills
C. Stock
D. Promissory note