Ask Question
11 March, 20:08

N purchases an annuity by making payments in an amount no less than $100 quarterly. This describes which of the following annuities?

A. Installment Immediate

B. Fixed Installment Deferred

C. Flexible Installment Deferred

D. Flexible Premium Immediate

+1
Answers (1)
  1. 11 March, 20:13
    0
    Answer: B. Fixed installment Differed

    Step-by-step explanation: Since the total money to be paid quarterly that is at the end of every 3 months should be greater or equal to $100 {that is the least accumulated amount is $100 but it can exceed}we say it is a Fixed installment Differed and it's as continuity.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “N purchases an annuity by making payments in an amount no less than $100 quarterly. This describes which of the following annuities? A. ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers