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difference between an annuity and a compound annuity?Read more: What_is_the_primary_difference_between_an_annuity_and_a_compound_annuity
The main difference between an annuity and a perpetuity is that an annuity has a set period of payments, while a perpetuity provides payments indefinitely.
P(r/100)^2
The main difference between a perpetuity and an annuity is that a perpetuity provides payments indefinitely, while an annuity provides payments for a specific period of time.
I don't believe there is any difference.
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period
The difference between a lump sum and annuity is, lump some you get a anywhere between half or 3 quarters of the money. An annuity is where you will get a certain amount of money for a certain amount of years.
future value of an annuity is a reciprocal of a sinking fund
Simple interest is based on the original principle of a loan. Simple interest is generally used on short-term loans. Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on.
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
With compound interest, after the first period you interest is calculated, not only on the original amount but also on the amount of interest from earlier periods. As to "better" or not, the answer depends on whether you are earning it on savings or paying it on borrowing!