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August 31, 2015
Posted by **Jp** on Saturday, January 5, 2013 at 5:27pm.

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**Ms. Sue**, Saturday, January 5, 2013 at 5:38pmSimple interest pays the same rate every year on only the initial amount invested.

Compound interest pays on the accumulated interest as well as the original investment.

http://www.basic-mathematics.com/simple-vs-compound-interest.html

An annuity is designed to pay the holder a fixed amount of money in regular payments.

http://www.investopedia.com/terms/a/annuity.asp#axzz2H8vy1uYv

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**Jp**, Saturday, January 5, 2013 at 5:44pmthanks ms. sue:-)

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**Ms. Sue**, Saturday, January 5, 2013 at 5:47pmYou're welcome, Jp.