हिंदी

In an ordinary annuity, payments or receipts occur at ______.

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प्रश्न

In an ordinary annuity, payments or receipts occur at ______. 

विकल्प

  • Beginning of each period

  • End of each period

  • Mid of each period

  • Quarterly basis

MCQ
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उत्तर

In an ordinary annuity, payments or receipts occur at end of each period

Explanation:

Payments are made at the conclusion of each period (such as a month, quarter, or year) in an ordinary annuity. Bond interest payments, mortgage payments, and loan payments are typical instances. As a result, payments for an annuity due are made at the start of each period. 

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अध्याय 2: Insurance and Annuity - Miscellaneous Exercise 2 [पृष्ठ २९]

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बालभारती Mathematics and Statistics 2 (Commerce) [English] Standard 12 Maharashtra State Board
अध्याय 2 Insurance and Annuity
Miscellaneous Exercise 2 | Q 1.06 | पृष्ठ २९

संबंधित प्रश्न

Find the accumulated (future) value of annuity of ₹ 800 for 3 years at interest rate 8% compounded annually. [Given (1.08)3 = 1.2597]


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If payments of an annuity fall due at the end of every period, the series is called annuity __________.


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Payment of every annuity is called an installment.


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Find the present value of an annuity immediate of ₹20,000 per annum for 3 years at 10% p.a. compounded annually. [(1.1)–3 = 0.7513]


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[Given (1.1)4 = 1.4641]


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