When the Annuity Payment Is Made at the End of Each

question 28

Short Answer

When the annuity payment is made at the end of each period, it is known as an ____________________ annuity.

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Definitions:

Record

In computing, a collection of related items of data treated as a single unit, often within a database.

Attribute

A quality or characteristic given to a person, group, or some other entity, or a specification in coding to define properties of elements.

Field

An area in a database or a form where a specific piece of data is stored, such as a name or date.

Column

In databases, a column is a vertical arrangement of data in a table, containing information on a specific attribute of the entity recorded.