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Term of the Day
annuity table
annuity rate
annuity unit
Definition
A table used to figure out the
current value
of an
asset
that
pays
out structured
payments
.
Annuity
tables are calculated by taking into
account
the
total
duration
of the annuity, the
discount rate
, and any
factor
of
growth
or
decrease
in the scheduled payments.
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