Payments in Annuities Must Be Made

question 68

Multiple Choice

Payments in annuities must be made:

• A) Daily
• B) Quarterly
• C) Semiannually
• D) Yearly
• E) None of these

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Definitions:

Early Payment Discount

A discount offered by a seller to a buyer for paying an invoice ahead of the scheduled due date.

Purchase Discount

A deduction from the amount owed by a buyer to a seller, granted for paying an invoice early.

Early Payment Discount

This is a reduction in the invoice amount offered by a seller to a buyer in return for paying the bill before the scheduled due date.

Sales Discount

A reduction in the price of a product or service that is offered to customers, typically to encourage early payment of invoices or to incentivize bulk purchases.