Question

The annuity which refers to a debt payment for recovering the initial amount or capital in equal periodical payments, is known as;

a.

Present Worth Annuity

b.

Sinking fund annuity

c.

Compound annuity

d.

Capital recovery annuity

Answer: (d).Capital recovery annuity

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Q. The annuity which refers to a debt payment for recovering the initial amount or capital in equal periodical payments, is known as;

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