Future Value Annuities (Grade 12 NSC Matric Mathematics): Quizzes
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Practise the questions
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Practise the questions
10 questions from this quiz
What is an annuity?
What is an annuity?
Equal payments at regular intervals
What does 'defaulting' mean in the context of annuity payments?
What does 'defaulting' mean in the context of annuity payments?
Missing a payment for a particular month
Which deposit earns the most interest in a future value annuity?
Which deposit earns the most interest in a future value annuity?
The first deposit
In the formula , what does represent?
In the formula , what does represent?
Interest rate per period
For monthly payments over 5 years, what is in the annuity formula?
For monthly payments over 5 years, what is in the annuity formula?
What is a sinking fund used for?
What is a sinking fund used for?
Saving to replace equipment or assets
When do you use ?
When do you use ?
To find required payment amount
What type of mathematical series do accumulated annuity amounts form?
What type of mathematical series do accumulated annuity amounts form?
Geometric series
In a future value annuity, what do you earn interest on?
In a future value annuity, what do you earn interest on?
Deposits and interest already earned
Which describes a future value annuity?
Which describes a future value annuity?
Regular deposits to accumulate money