Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

7. Receivables and Investments

Introduction to Investments in Securities

Financial Accounting

7. Receivables and Investments

Introduction to Investments in Securities

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which type of annuity allows benefit payments to be stretched over a number of years?

Immediate annuity

Variable annuity

Term-certain annuity

Deferred annuity

Previous problemNext problem

Verified step by step guidance

Understand the concept of an annuity: An annuity is a financial product that provides a series of payments made at equal intervals. It is often used for retirement planning or income distribution.

Identify the key characteristic of a term-certain annuity: A term-certain annuity provides payments for a specific, predetermined number of years, regardless of whether the annuitant is alive during the term.

Differentiate between the types of annuities mentioned: Immediate annuities start payments right after the initial investment, variable annuities have payments that fluctuate based on investment performance, and deferred annuities delay payments until a future date.

Match the description in the question to the correct type of annuity: The question specifies that the payments are stretched over a number of years, which aligns with the definition of a term-certain annuity.

Conclude that the correct answer is 'Term-certain annuity' based on its unique feature of providing payments over a fixed term, as opposed to other types of annuities that have different payment structures.