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30 January, 17:41

N purchases an annuity by making payments in an amount no less than $100 quarterly. This describes which of the following annuities?

A. Installment Immediate

B. Fixed Installment Deferred

C. Flexible Installment Deferred

D. Flexible Premium Immediate

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  1. 30 January, 20:48
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    Answer: B. Fixed installment Differed

    Step-by-step explanation: Since the total money to be paid quarterly that is at the end of every 3 months should be greater or equal to $100 {that is the least accumulated amount is $100 but it can exceed}we say it is a Fixed installment Differed and it's as continuity.
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