Wednesday, October 8, 2008

Definition of Annuities

Annuities are the installments when any asset or loan is taken. Then this duty of buyer or loan taker to give repayment in installments. Those installments are called annuity.

Formula of Annuity

Annuity = Principal amount / {(1+r / 100)t -1 / /100)
Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By using this site, you agree to our Privacy Policy. Mathematics Education® is a non-profit organization.
About Us Contact Us Privacy Policy Trends Sitemap