Which of the following annuity terms best match each of the statements below?
Aannuity due
Bannuity
Cordinary annuity
Dincreasing annuity
Esinking fund
FNone of the above
1.An annuity set up to increase in value over an unspecified number of time periods.
2.An annuity created at the beginning of a period to withdraw funds over equal time periods in the future.
3.An annuity where payments are made at the beginning of the time period.
4.An annuity where payments are made at the end of the time period.
5.An annuity created for a particular amount to be available at a specified future time.
6.A sequence of equal payments made at equal time periods.