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Sagot :
A contract in which an owner provides a user the right to use an asset in return for periodic cash payments over a period of time is called a(n) An annuity due payment is a recurring issuance of money upon the beginning of a period. Alternatively, an ordinary annuity payment is a recurring issuance of money at the end of a period. Contracts and business agreements outline this payment, and it is based on when the benefit is received.
What is the term used for a sequence of payments over time?
An standard annuity is a sequence of regular payments made at the end of each period, such as monthly or quarterly. In an annuity due, by difference, payments are made at the start of each period. Consistent quarterly goods dividends are one example of an ordinary annuity; monthly rent is an example of an annuity due.
What is the periodic annuity payment?
Annuities or periodic payments are payments given to a person at set intervals for a fixed period, or for life.
What is periodic payment example?
An sample of a periodic payment is a home loan or personal loan repayment. This may sound similar to a direct debit, however, direct debits are agreements made between a member and a business that allow the business to deduct agreed amounts from a designated account.
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