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Fill in the blank : An annuity where payments continue forever is called __________. - Mathematics and Statistics

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Fill in the Blanks

Fill in the blank :

An annuity where payments continue forever is called __________.

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Solution

An annuity where payments continue forever is called perpetuity.

Concept: Annuity
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APPEARS IN

Balbharati Mathematics and Statistics 2 (Commerce) 12th Standard HSC Maharashtra State Board
Chapter 2 Insurance and Annuity
Miscellaneous Exercise 2 | Q 2.08 | Page 29
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