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State whether the following is True or False : Payment of every annuity is called an installment. - Mathematics and Statistics

MCQ
True or False

State whether the following is True or False :

Payment of every annuity is called an installment.

Options

  • True

  • False

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Solution

Payment of every annuity is called an installment True.

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 3.05 | Page 30
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