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If the Future Value of an Annuity Is Known,then the Present

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If the future value of an annuity is known,then the present value of the annuity can be found using the present value of a lump sum formula,even if the amount of each annuity payment is unknown.


Definitions:

Enema

A procedure involving the introduction of liquid into the rectum and colon via the anus to stimulate bowel movement or administer medication.

Prn

An abbreviation for the Latin phrase "pro re nata," meaning "as needed," often used in medical prescriptions.

Bid

An offer of a specified price for something, especially in contexts of auctions or competitive tenders, indicating the willingness to purchase an item or service.

Tid

An abbreviation for "ter in die," which means three times a day; commonly used in medical prescriptions.

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