Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.
Sagot :
An equal-payment home mortgage loan is an example of an annuity. The above mentioned statement is true.
The present value of an annuity is calculated as the total of all the discounted values that have been received or paid at the regular intervals. To indicate the equal monthly instalments, it is typically used in loan agreements. A house mortgage loan with equal payments has an equal payback amount for each of the instalments. It indicates that the bank grants a loan in exchange for an equal instalment, which is also referred to as equated annual or monthly instalments based on time.
Learn more about annuity here
https://brainly.com/question/13369387
#SPJ4
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.
