At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Our Q&A platform offers a seamless experience for finding reliable answers from experts in various disciplines. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
Sagot :
The series of payments Rory receives, from an insurance company is known as annuity.
What is Annuity ?
An annuity is a series of payments delivered at regular periods in the investing world. Regular savings account deposits, mortgage payments, insurance premiums, and pension payments are all examples of annuities. The periodicity of payment dates allows for the classification of annuities. The payments (deposits) may be paid every week, every month, every four months, every year, or at any other regular frequency. Mathematical operations referred to as "annuity functions" can be used to compute annuities.
An annuity-payments immediate's are made at the conclusion of each payment period, allowing interest to accumulate between the time the annuity is issued and the first payment. An instant payment is paid to the issuer since annuity-due payments are made at the beginning of payment periods.
To learn more about Annuity checkout the link below :
https://brainly.com/question/14908942
#SPJ4
We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.
