Difference between revisions of "Annuity"
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According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | ||
:[[Annuity]]. A series of equal payments at fixed intervals for a specified number of periods. | :[[Annuity]]. A series of equal payments at fixed intervals for a specified number of periods. | ||
| + | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
| + | :[[Annuity]]. A stream of equal installments made at equal time intervals. | ||
==Related concepts== | ==Related concepts== | ||
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*[[Introduction to Financial Management]]. | *[[Introduction to Financial Management]]. | ||
| − | [[Category: Financial Management]][[Category: Articles]] | + | [[Category: Financial Management]][[Category: Articles]][[Category: Accounting]] |
Latest revision as of 16:01, 12 July 2020
Annuity is a series of payments of a fixed amount for a specified number of periods.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Annuity. A series of payments of a fixed amount for a specified number of periods.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Annuity. A series of equal payments at fixed intervals for a specified number of periods.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Annuity. A stream of equal installments made at equal time intervals.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
