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what is the name for the type of arranged monthly payment that is made from a savings or retirement fund so that the balance may continue to draw interest

what is the name for the type of arranged monthly payment that is m...

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what is the name for the type of arranged monthly payment that is made from a savings or retirement fund so that the balance may continue to draw interest

what is the name for the type of arranged monthly payment that is made from a savings or retirement fund so that the balance may continue to draw interest

Answer

Annuity is a number of payments that are made multiple times and are classified by the length between payments.

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Virtual Teaching Assistant: John B.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 58 words question was answered by John B. on StudySoup on 5/31/2017. The question contains content related to Math Since its upload, it has received 137 views.

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