Dividends, payments on the installments purchases, payments on the rent, interest payments on the bonds, mortgage payments and premium on insurances are all the examples of
Answers
annount of interest to be paid by the number > f payments to figure the amount ... deposit an amount with the insurer to pay future premiums. ... Insurance premiums paid in Installments.
Answer: These all are the examples of annuities.
Explanation:
Question: Dividends, payments on the installments purchases, payments on the rent, interest payments on the bonds, mortgage payments and premium on insurances are all the examples of
(a) Simple interest
(b) Compound interest
(c) Gratuities
(d) Annuity
Solution: The term annuity refers to a series of payments made at regular intervals. An annuity, for instance, is a regular deposit into a savings account, a mortgage payment, an insurance premium, or a pension payment. It is possible to categorize annuities based on the periodicity of payment dates. The payments (deposits) may be made on a regular basis such as every week, every month, every four months, every year, or at any other regular interval.
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