ANSWER:
- The payment periods coincide with the interest conversion periods. The Future Value of an Annuity is sum of all payments made and interest earned on an account. Example 1: Find the future value of the ordinary annuity of $1500 per semiannual period for 8 years at 9% per year compounded semiannually.
What are the 4 types of annuities?
- There are four basic types of annuities to meet your needs: immediate fixed, immediate variable, deferred fixed, and deferred variable annuities. These four types are based on two primary factors: when you want to start receiving payments and how you would like your annuity to grow.
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