WORD HUNT

Annuity
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
2 A A N N N N N N N N N N N N N N N N N N A A A A
3 T A A A A A A A A A A A A A A A A A A A A A A A
4 N N N A N N N N N N N N N N N N N N Y Y O O O A
5 N N N N N N N N N N N N N N N N N N Y N N N N N
6 T U I O T Y U O P R B M Y K B M S G U O P H N N
7 T A N Q U T Y G P A N N U A I Y T T Y Y U I N T
8 T U I O T Y U O P R B M Y K B M S G U O P H N N
9 T Y I Q Y Y Y Y Y Y Y Y U U U U U U Y Y O O O A
10 T S T Q W X Y C X N M M M A J K K K K K K K A A
11 T U I O T Y U O P R B M Y K B M S G U O P H A N
12 N N N A N N N N N N N N N N N N N N N N N N N N
13 N N N N N N N N N N N N N N N N N N N N N N N N
15 N N N N N N N N N N N N N N N N N N N N N N U N
15 T I I I I I I A A A A A A A A A A A A A A I I I
16 T T T T T T T T T T T T T T T T T T T T T T T T
17 T A A Y A A N N N N A A A A A A A A A A A Y Y Y
18 T Y I Q Y Y Y Y Y Y Y Y U U U U U U Y Y O O O A
19 N N N N N N N N N N N N N N N N N N N O P H N N
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
2 A A N N N N N N N N N N N N N N N N N N A A A A
3 T A A A A A A A A A A A A A A A A A A A A A A A
4 T Y I Q Y Y Y Y Y Y Y Y U U U U U U Y Y O O O A
5 T R A Q S S F H M N N U I V A N N T Y N N N N N
6 T U I O T Y U O P R B M Y K B M S G U O P H N N
7 T A N Q U T Y G P A N N U A I Y T T Y Y U I N T
8 T U I O T Y U O P R B M Y K B M S G U O P H N N
9 T Y I Q Y Y Y Y Y Y Y Y U U U U U U Y Y O O O A
10 T S T Q W X Y C X N M M M A J K K K K K K K A A
11 T U I O T Y U O P R B M Y K B M S G U O P H A N
12 N N N A N N N N N N N N N N N N N N N N N N N N
13 N N N N N N N N N N N N N N N N N N N N N N N N
15 N N N N N N N N N N N N N N N N N N N N N N U N
15 T I I I I I I A A A A A A A A A A A A A A I I I
16 T T T T T T T T T T T T T T T T T T T T T T T T
17 T A A Y A A N N N N A A A A A A A A A A A Y Y Y
18 T Y I Q Y Y Y Y Y Y Y Y U U U U U U Y Y O O O A
19 T U I O T Y U O P R B M Y K B M S G U O P H N N
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
2 A A N N N N N N N N N N N N N N N N N N A A A A
3 T A A A A A A A A A A A A A A A A A A A A A A A
4 T Y I Q Y Y Y Y Y Y Y Y U U U U U U Y Y O O O A
5 T R A Q S S F H M N N U I V A N N T Y N N N N N
6 T U I O T Y U O P R B M Y K B M S G U O P H N N
7 T A N Q U T Y G P A N N U A I Y T T Y Y U I N T
8 T U I O T Y U O P R B M Y K B M S G U O P H N N
9 T Y I Q Y Y Y Y Y Y Y Y U U U U U U Y Y O O O A
10 T S T Q W X Y C X N M M M A J K K K K K K K A A
11 T U I O T Y U O P R B M Y K B M S G U O P H A N
12 N N N A N N N N N N N N N N N N N N N N N N N N
13 N N N N N N N N N N N N N N N N N N N N N N N N
15 N N N N N N N N N N N N N N N N N N N N N N U N
15 T I I I I I I A A A A A A A A A A A A A A I I I
16 T T T T T T T T T T T T T T T T T T T T T T T T
17 T A A Y A A N N N N A A A A A A A A A A A Y Y Y
18 T Y I Q Y Y Y Y Y Y Y Y U U U U U U Y Y O O O A
19 T U I O T Y U O P R B M Y K B M S G U O P H N N
Annuity
Annuity - a sequence
of payments made at
equal(fixed) intervals or
periods of time.
Classification of annuities

According to payment
interval and interest period
Simple Annuity - an
annuity where the
payment intervals is the
same as the interest
period.
General Annuity - an
annuity where the
payment intervals is NOT
the same as the interest
period.
 According to
time of payment
Ordinary Annuity - a type
of annuity in which the
payments are made at the
end of each payment
interval.
Annuity due- a type of
annuity in which the
payments are made at the
beginning of each payment
interval.
According to duration
Annuity Certain- an
annuity in which
payments end at
definite time.
Contingent Annuity - an
annuity in which
payments extended over
an infinite (or Indefinite)
length of time.
Terms related to
annuity
Term of annuity, t - time
between the first
payment interval and
last payment interval.
Regular or Periodic
payment, R - the
amount of each
payment
Amount (Future value) of
an annuity, F - sum of
future values of all the
payments to be made
during the entire term of
the annuity.
Present value of an
annuity, P - sum of
present values of all the
payments to be made
during the entire term of
the annuity.
F=R
(1+ j ) n
−1
j
 F
R=
(1+ j ) n
−1
j
P=R
1− (1+ j )−n

j
 P
R=
1−(1+ j )
−n

j
R - is the regular payment

j - is the interest rate per period

n - is the number of payments.