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 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.

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aw664299 aw664299 · Answer 2 · 2019-09-24T15:34:48+02:00

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24-09-2019

Answer:

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

Explanation:

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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.

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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.