Asked by Mariah Howell on Apr 26, 2024

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The _____________________ of an annuity is the sum of all the payments plus the accumulated compound interest on them.

Accumulated Compound Interest

The total amount of interest earned or paid on a principal sum over multiple periods, where each period's interest is added to the principal for future calculations.

Annuity

A series of equal dollar amounts to be paid or received at evenly spaced time intervals (periodically).

  • Identify and explain fundamental financial concepts including annuities and compound interest.
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ZK
Zybrea KnightMay 02, 2024
Final Answer :
future value