What do you mean by an annuity in economics?
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Annuity
For other uses, see Annuity (disambiguation).
An annuity is a series of payments made at equal intervals.[1] Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities can be classified by the frequency of payment dates. The payments (deposits) may be made weekly, month
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