Name Chapter 13 Annuities and Sinking Funds PartI Vocabulary Matchup 1. Annuities certain A. Beginning...
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Name Chapter 13 Annuities and Sinking Funds PartI Vocabulary Matchup 1. Annuities certain A. Beginning as well as ending dates, not fixed Paid at beginning Need to invest today to recelve the stream Paid at end An annuity Beginning as well as ending dates Sum of series of payments Stream of payments 2. Annuit)y 3. Annulty due B. C. D. E. F. G. H. 4. Contingent annuities 5. 6. 7. 8. Ordinary annuities Present value of annuity Sinking fund Value of an annuity Part II Drill Complete ordinary annuities: Amount of Payment Payment Payable Years Rate Annuity Interest Value of 9. 700 Quarterly5 8% 9. 10. $9,000 Semi 10% 10. 11. Redo No. 10 assuming it is an annuity due
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