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Abstract

An ANNUITY is a constant amount of money paid at regular intervals, called periods. When the payments are made at the end of the period, the annuity is called an ORDINARY ANNUITY. When payments are made at the beginning of the period, the annuity is called an ANNUITY DUE.

Keywords

Interest Rate Time Diagram Nominal Interest Rate Mathematical Induction Nominal Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media, LLC 2007

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