单词 | annuity table |
释义 | annuity tableAnnuity Table, 1949annuity tablea table that shows the effect of compound interest on an annually invested sum. Specifically, the table shows what the investment of the same amount of money on an annual basis at a fixed rate of interest for a certain number of years will accumulate to. For example, if £250 is invested at 10% at the end of each of the next 6 years, using the annuity table (which shows a figure of 7.716), it would accumulate to £250 x 7.716 = £1,929. |
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