The annuity which refers to a debt payment for recovering the initial amount or capital in equal periodical payments, is known as; Options: A . &nbspPresent Worth Annuity B . &nbspSinking fund annuity C . &nbspCompound annuity D . &nbspCapital recovery annuity

The annuity which refers to a debt payment for recovering the initial amount or

Question

The annuity which refers to a debt payment for recovering the initial amount or capital in equal periodical payments, is known as;

Options:

A . Present Worth Annuity

B . Sinking fund annuity

C . Compound annuity

D . Capital recovery annuity

Answer: Option D

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