Define the term annuity. What is one example of an annuity receipt?
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Define the term annuity. What is one example of an annuity receipt?
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
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An annuity is a series of equal cash flows paid ...View the full answer
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