An annuity is a fixed sum paid at regular intervals. An annuity that continues for a number of years is called:
A. Deferred annuity
B. Immediate annuity
C. Uniform annuity
D. Perpetual annuity
Answer:D
An annuity is a fixed sum paid at regular intervals. An annuity that continues for a number of years is called:
A. Deferred annuity B. Immediate annuity C. Uniform annuity D. Perpetual annuity