An Annuity is an investment that involves a regular contribution of money. The amount of money you invest throughout the duration of the investment alongside the interest earned will equal the future value of the annuity. The following post will show you how to solve problems with annuities involving recursion in QCE General Maths.
What are Recursions in Annuities?
The following video explains what an annuity is and how it works.
Want to learn more? Check out more of our QCE General Maths resources here!