The series of payments made at successive intervals of time is called
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An annuity is a series of equal payments at regular intervals of time over a period of time. A payment interval is the time between successive payments. ... The amount of an annuity is the final value at the end of the term of the annuity. This includes all periodic payments and the compound interest
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An annuity is a series of equal payments at regular intervals of time over a period of time. A payment interval is the time between successive payments. ... The amount of an annuity is the final value at the end of the term of the annuity. This includes all periodic payments and the compound interest.
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