Question: An annuity may best be defined as: A. a payment at a fixed interest rate. B. a series of payments of unequal amount. C. a

An annuity may best be defined as:

A. a payment at a fixed interest rate.

B. a series of payments of unequal amount.

C. a series of yearly payments, regardless of amount.

D. a series of consecutive payments of equal amounts.

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