FINANCIAL MANAGEMENT
Q.2 (a) ans:- Annuities- annuities are essentially series of fixed
payment,required from you or paid to you at specified frequency over
the course of a fixed period of time.
The most common payment frequencies are yearly,semi-
annually ,quarterly and monthly.there are two basic types of
annuities:-
Ordinary annuities and annuities due.
ORDINARY ANNUITY:- payments are required at the end of each
period.for example,straight bonds usually pay coupon payments