The 6 important terms taken from the subject of the Estimation

Following are the 6 important terms from the estimation

Annuity

That is the annual quarterly contributions made by a party to refund the capital sum spent.

Annuity Certain

An annuity certain is one in which the sum of an annuity is accrued over a set number of dates or years.

Annuity Due

If the balance of an annuity is charged at the start of each month of the year and payments occur for a certain number of years, it is referred to as an annuity due.

Deferred Annuity

Deferred Annuity occurs as the payment of an annuity resumes at an unknown date after a period of years.

Perpetual Annuity

A lifelong annuity is one in which the contributions to an annuity begin indefinitely.

Rent

It is a charge made on an annual or quarterly basis for the use of land or land and construction.

Thanks for reading the article, keep sharing it.

Thanks,

Kumar Bhanushali