Question: How does the choice between a single premium and a flexible premium annuity primarily influence the annuity? 1 . it affects the method and timing

How does the choice between a single premium
and a flexible premium annuity primarily influence the annuity?
1. it affects the method and timing of premium payments2. it determines the amount of interest earned3. it guarantees a specific payout schedule4. it limits the annuitant's options

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