The word annuity traces its origins back to the Latin annuus: yearly. Such is the name of payments that are paid annually, or on some other regular schedule; i.e., the payments are periodic. The payments can be fixed (i.e., equal), increasing or decreasing at a specified rate, or irregular (essentially random). They can made at […]
This article is for members only. You can become a member now by purchasing a
This will give you access to this and all other articles at that membership level.