Question
upstudy study bank question image url

Finance - Matching Match each topic with the correct description. \( \begin{array}{ll}\text { Compound Interest } & \text { a. MANY deposits } \\ \text { Payout Annuity } & \text { b. ONE deposit } \\ \text { Annuity } & \text { c. MANY payments } \\ \text { Loans } & \text { d. MANY withdrawals }\end{array} \)

Ask by Coleman Reese. in the United States
Mar 14,2025

Upstudy AI Solution

Tutor-Verified Answer

Answer

- **Compound Interest**: ONE deposit - **Payout Annuity**: MANY withdrawals - **Annuity**: MANY deposits - **Loans**: MANY payments

Solution

Sign in to Unlock Answers for Free!

A Learning Platform Trusted by Millions of Real Students and Teachers.

star-icon Unlock

Answered by UpStudy AI and reviewed by a Professional Tutor

Mind Expander

Compound interest, often referred to as the magic of finance, is like watching your money grow exponentially! It applies to a single deposit (b), where interest earns on both the initial principal and the accumulated interest from previous periods, leading to a snowball effect over time. Payout annuities are fantastic for those who appreciate a steady income stream! In this scenario, you have many payments (c) made to you, typically as a result of a lump sum invested upfront. It’s a cherished choice for retirees who wish to transform their savings into ongoing cash flow.

Related Questions

Latest Economics Questions

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy