Annuity - A fixed sum of money paid to someone at

regular intervals., subject to a fixed compound interest

rate.
Annuity Certain - Payable for a definite duration.
Begins and ends on a definite or fixed date.
Annuity Uncertain - Annuity payable for an indefinite
duration, dependent on some certain events.
Simple Interest - Interest conversion or compounding
period is equal or the same as the payment interval.
General Annuity - Interest conversion or compounding period is
unequal or not the same as the payment interval
- First payment is made at the beginning of every payment interval.
- Payment are made at the end of each month for a loan that charges
1.05% interest compounded quarterly.

Ordinary Annuity - Annuity in which the periodic payment is made at

the end of each payment interval.
- A series of periodic payment which are to run infinitely or forever.
- Jun’s monthly mortgage is 35, 148.05 pesos at the end of each month.
Deferred Annuity - The periodic payment is not made at the
beginning nor at the end of each payment interval , but some
later date.
Simple Annuity - A deposit of 5,550.00 pesos was made at the
end of every three months to an account that earns 5.6%

Annuity Due - The rent of the apartment is 7, 000.00 pesos and

due at the beginning of each month.