Free Access
Chapter 2: Annuities
https://doi.org/10.1142/9789813224681_0002Cited by:0 (Source: Crossref)
Abstract:
An annuity is a series of payments made at equal intervals. There are many practical examples of financial transactions involving annuities, such as
a car loan being repaid with equal monthly installments
a retiree purchasing an annuity from an insurance company upon his retirement
a life insurance policy being purchased with monthly premiums
a bondholder receiving an annuity in the form of semiannual coupon payments…
