An annuity may best be defined as:

A. a payment at a fixed interest rate.

B. a series of payments of unequal amount.

C. a series of yearly payments, regardless of amount.

D. a series of consecutive payments of equal amounts.

Question

Business

Guest

21 June, 04:42

An annuity may best be defined as:

A. a payment at a fixed interest rate.

B. a series of payments of unequal amount.

C. a series of yearly payments, regardless of amount.

D. a series of consecutive payments of equal amounts.

+3

Answers (2)

Know the Answer?

Kylee · Answer 1

Answer: D. a series of consecutive payments of equal amounts.

Carter Graham · Answer 2

Answer: D. a series of consecutive payments of equal amounts.

Explanation:

An annuity is a financial commodity that provides a fixed amount of payments, paid in equal periods, such as deposits made into savings accounts, monthly home mortgage payments, and monthly insurance payments.

Annuities are meant to be a safe way to secure a steady capital flow during people's retirement years, as well as to avoid outliving their assets.

An annuity may best be defined as:A. a payment at a fixed interest rate.B. a series of payments of unequal amount.C. a series of yearly payments, regardless of amount.D. a series of consecutive payments of equal amounts.

An annuity may best be defined as:

A. a payment at a fixed interest rate.

B. a series of payments of unequal amount.

C. a series of yearly payments, regardless of amount.

D. a series of consecutive payments of equal amounts.