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Basic Concepts of Financial Mathematics — Applied Maths STD 11 Science — Question

CBSE BoardEnglish MediumSTD 11 ScienceApplied MathsBasic Concepts of Financial Mathematics2 Marks
Question
Give four examples of regular annuity.
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Answer

Examples of regular annuity are:
(i) Deposits to a saving account with regular period of time of a fixed payment.
(ii) Monthly insurance payments
(iii) Pension payments
(iv) Monthly rent of a house

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