Describe whether the statement constitute an annuity

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Describe whether the following statement $100 a year for 10 years is an annuity however $100 in Year 1, $200 in Year 2 and $400 in Year 3 through 10 doesn't constitute an annuity. But the second series contains an annuity

Reference no: EM1399263

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Describe whether the statement constitute an annuity : Describe whether the following statement $100 a year for 10 years is an annuity however $100 in Year 1, $200 in Year 2 and $400 in Year 3 through 10 doesn't constitute an annuity

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