Ask Question
13 July, 06:46

Which of the following statements about annuities are true? Check all that apply. An annuity is a series of equal payments made at fixed intervals for a specified number of periods. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period. Ordinary annuities make fixed payments at the beginning of each period for a certain time period. An annuity due earns more interest than an ordinary annuity of equal time. Which of the following is an example of an annuity?

A fund that invests in technology companies and distributes dividends every quarter

A retirement fund set up to pay a series of regular payments

+3
Answers (1)
  1. 13 July, 09:29
    0
    The answer to this question is the first option (a) An annuity is a series of equal payments made at fixed intervals for a specified number of periods.

    Explanation:

    An Annuity is a series of equal interval payment that is made at fixed intervals for a specified period of time.

    Examples of annuities include monthly home mortgage payments, insurance payments, regular deposits to a savings account and pension payments.

    Question 2.

    An example of an annuity is A retirement fund set up to pay a series of regular payments
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following statements about annuities are true? Check all that apply. An annuity is a series of equal payments made at fixed ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers