Which of these is an example of a recurring-payment fixed annuity?

A. An annuity with an APR of 3.4% into which you invest $2500 each

year

B. An annuity with an APR of 3.4% into which you invest a lump sum

of $12,500

C. An annuity with a minimum APR of 3.4% into which you invest a

lump sum of $12,500

D. An annuity with a minimum APR of 3.4% into which you invest

$2500 each year

Question

Jax

Mathematics

3 November, 20:24

Which of these is an example of a recurring-payment fixed annuity?

A. An annuity with an APR of 3.4% into which you invest $2500 each

year

B. An annuity with an APR of 3.4% into which you invest a lump sum

of $12,500

C. An annuity with a minimum APR of 3.4% into which you invest a

lump sum of $12,500

D. An annuity with a minimum APR of 3.4% into which you invest

$2500 each year

+3

Answers (2)

Know the Answer?

Carlee Ellis · Answer 1

C) An annuity with a minimum APR of 3.4% into which you invest a

lump sum of $12,500

Step-by-step explanation:

Answer:

C) An annuity with a minimum APR of 3.4% into which you invest a

lump sum of $12,500

Amare Daniels · Answer 2

An annuity with an APR of 3.4% into which you invest a lump sum of $12,500