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actuarialrabbit
08-05-2009, 10:13 AM
The "term of annuity" is listed on the exam syllabus as a learning objective.
I know it is a silly question. But from what I learned, I am not so familiar with this definition. Can anyone tell me what is the term of annuity?

Thanks a lot!

Actuarialsuck
08-05-2009, 11:03 AM
Wikipedia and google are your friends http://en.wikipedia.org/wiki/Annuity_(finance_theory)