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23 September, 22:22

Which of the following is an example of an annuity? A fund that invests in technology companies and distributes quarterly dividends for two out of four quarters per year but not always the same quarters A retirement fund set up to pay a series of regular payments

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  1. 23 September, 22:23
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    The correct answer is letter "B": A retirement fund set up to pay a series of regular payments.

    Explanation:

    An annuity is a financial product intended to pay a fixed sum of cash in the future. Annuities are usually used to guarantee regular income in later years as a retirement fund. When an individual purchases an annuity, the individual agrees to pay a lump sum in advance or to make a regular schedule of deposits to a financial institution that is usually an insurance company.
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Home » Business » Which of the following is an example of an annuity? A fund that invests in technology companies and distributes quarterly dividends for two out of four quarters per year but not always the same quarters A retirement fund set up to pay a series of
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