intro

intro

Published on 9 July 2022

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Transcript
00:02
Good day, students!
00:04
For today’s video, we will discuss about ANNUITY
00:10
But first, do have an idea about what Annuity is?
00:19
Annuity
00:19
is defined as a series of equal payments occurring at equal interval of time.
00:30
Insurance contracts
00:33
You pay a set amount of money today, or over time, in exchange for a lump-sum payment or stream of income in the future.
00:45
The type of annuity and the details of the particular annuity can determine the payouts you'll receive. Annuities can be classified by the frequency of payment dates.
01:01
Weekly
01:04
Monthly
01:05
Quarterly
01:06
Yearly
01:07
Any other regular interval of time
01:12
And it is also be calculated by mathematical functions known as
01:17
"Annuity Functions"
01:21
Examples of annuities are :
01:24
regular deposits to a savings account
01:27
monthly home mortgage payments
01:31
monthly insurance payments
01:35
pension payments