Annuities & Loans
What annuities & loans means
Regular payments, annuities and loan repayment.
Before you start
Not confident yet? Work through Interest & Time Value of Money first.
Worked example
One question from this skill's own question bank, shown with its full working.
A series of equal payments made at regular intervals is an
- annuity
- lump sum
- dividend
- premium
Working: Annuities involve regular equal cash flows.
Curriculum and exam alignment
Curriculum notes are a general guide to where this work normally sits. Always check the syllabus your school or examination body is currently using.
Related skills
Other Financial Mathematics skills in Actuarial Science, at the same point in the course.
Other Actuarial Science topics
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Practise annuities & loans
6 questions with a worked answer after every attempt, and a SmartScore that tracks how close you are to mastery.