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Annuities and Sinking Funds
Vocabulary

1 .       An annuity __________ is an annuity paid over a guaranteed number of periods. 

  proper
  certain
  present
  variation


2 .       If an investment is such that the payment each period is the same, and the rate of interest does not change, the payment is called a(n) ________ . 

  sinking fund
  installment
  credit
  annuity


3 .       Another name for an annuity is ________ ________. 

  regular payment
  life insurance
  sinking fund
  vested principal


4 .       If an annuity is paid over an uncertain number of periods, it is called a(n) ______ annuity. 

  contingent
  uncertain
  variable
  changing


5 .       For a(n) ______ annuity, payment is made at the end of the period. 

  vested
  ordinary
  uncertain
  terminal


6 .       For a(n) annuity ____, payment is made at the beginning of the period. 

  certain
  uncertain
  due
  variable






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