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Term Of The Hour

ordinary annuity formula: Original post by Edriaan Koening of Demand Media An annual annuity refers to a series of payments that occur every year. Depending on the particular annuity, you may pay into the annuity or receive payments from the annuity. For example, a mortgage loan is an annuity you pay into, while a retirement annuity provides you with regular income from a bank or insurance company. There are three types of…

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