Examlex
Find the area of the trapezoid where a and b are the lengths of the bases and h is the perpendicular distance between the bases.
Let a = inches, b = inches, and h = inches.
Area = __________ in 2
Annuities Due
Annuities Due refer to a series of equal payments made at the beginning of consecutive periods over a fixed length of time, often used in finance to represent contracts that require such payments.
Ordinary Annuities
Ordinary annuities are a series of equal payments made at the end of consecutive periods over a fixed length of time.
Perpetuity
A financial term referring to a security or form of investment that pays an infinite series of cash flows with no end date.
Endowment Fund
A financial asset, in the form of donations, made to non-profit organizations that uses the generated income for a specific purpose.
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