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14 December, 13:05

The type of annuity that can be purchased with one monetary deposit is called a (n)

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  1. 14 December, 13:17
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    The answer to this question is a term called immediate annuity. An immediate annuity is also known as income or payout annuities which basically in a form of a single annual payment or one time payment of an insurance that a person pays and an income is guaranteed to be given in exchange of the payment.
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