Tuesday 24 March 2015

Banking Awareness - Annuity

ANNUITY
          An Annuity is a serious of payments made at fixed intervals of time. examples of Annuity are regular deposits to a savings account, monthly home mortgage payments, monthly insurance premium and pension payments. Annuities are classified by the frequency of payment dates. payments are made at a regular interval like Quarterly, half early, monthly, weekly yearly.


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