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4.3: Annuities and Sinking Funds
https://stats.libretexts.org/Sandboxes/JolieGreen/Finite_Mathematics_-_June_2022/04%3A_Mathematics_of_Finance/4.03%3A_Annuities_and_Sinking_Funds
This section addressed problems where timely payments are made in an account. When a sequence of payments of some fixed amount are made in an account at equal intervals of time, we call that an annuit...This section addressed problems where timely payments are made in an account. When a sequence of payments of some fixed amount are made in an account at equal intervals of time, we call that an annuity.

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