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8 May, 23:15

An annuity is defined as a series of payments of a fixed amount for a specific number of periods. Thus, $100 a year for 10 years is an annuity, but $100 in Year 1, $200 in Year 2, and $400 in Years 3 through 10 does not constitute an annuity. However, the entire series does contain an annuity. Is this statement true or false?

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  1. 9 May, 00:57
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    The answer is True

    Explanation:

    An annuity is a fixed amount paid at equal intervals.
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