Annuity

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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.

Related concepts

Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.

Related lectures

Introduction to Financial Management.

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