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Business Mathematics in Canada, 4/e

F. Ernest Jerome

Annuities: Special Situations

Below are the key terms featured in this chapter. Clicking on a term will reveal its definition. The textbook's full glossary is also available for online searching.

Constant-growth annuity	An annuity in which the payments change by the same percentage from one payment to the next. (See page 469.)



General perpetuity	A perpetuity in which the compounding interest differs from the payment interval. (See page 463.)



Ordinary perpetuity	A perpetuity in which the payments are made at the end of each payment interval. (See page 462.)



Perpetuity	An annuity whose payments continue forever. (See page 462.)



Perpetuity due	A perpetuity in which the payments are at the beginning of each payment interval. (See page 463.)



Simple perpetuity	A perpetuity in which the compounding interval equals the payment interval. (See page 463.)

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